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The Weekly Open, Where the Week Takes Its Side

Just as the daily open provides a reference for the day, the weekly open can provide a reference for the entire week. It's the price at which the market starts trading on Sunday evening. Why traders watch it:

- It helps frame whether buyers or sellers are in control for the week
- It can act as support or resistance during pullbacks
- It supports the idea of buying in discount and selling in premium relative to the week's start

A simple workflow:

1. Mark the weekly open on Sunday evening or Monday morning.
2. Identify your weekly bias from higher-timeframe structure.
3. If bullish, look for price to dip below the weekly open early in the week, sweep liquidity, and then rise above it.
4. If bearish, look for price to rise above the weekly open, sweep liquidity, and then fall below.
5. Use daily and session setups to time entries.

Things to observe:

- How often does price cross the weekly open in the first two days?
- Does the open act as a pivot on your favorite pair?
- Do Fridays tend to settle above or below it?

Warnings: the first hours after the Sunday open can be thin and erratic. Wait for liquidity to build before reading too much into early moves.

Record your observations for a month, with screenshots. Your pair might show tendencies that no generic rule can capture.

I use the weekly open as a bias filter for the first two London sessions, not as an entry trigger on its own. Price still above Sunday's open by Monday 08:00 keeps me looking for longs on Asia range breaks; the reverse keeps me short biased.

The trap is treating it like a daily open with tighter rules. A weekly open can sit through Monday noise and still matter on Wednesday, so I do not flip bias on the first M15 close against it.

My journal tag is simple: week side = above or below the Sunday open at London's open, then note whether my first trade agreed. Weeks where I faded the open early were the ones with the most scratches.

I also skip the Sunday evening thin print as a level to trade against. The number I care about is the open that London inherits Monday morning after the weekend books have settled.

Gap Mondays get a separate note. If the weekly open sits inside a gap that Asia never filled, I wait for a retest of the gap edge before using the open as bias at all.

Broker open timing still disagrees across my two platforms. Where do you draw the weekly open, the Sunday 22:00 print or the first Monday tick?

Fairman, bias length is the part I had to tighten after a few Wednesday fades. The weekly open still sets my side for Monday and Tuesday London, and by Wednesday I only keep it if price has not closed an M15 through it and held on the wrong side for two hours.

Midweek retests of the weekly open as support or resistance are allowed entries only when the week side tag still agrees. Fading a retest against the open was another scratch cluster in my notes.

NFP weeks get a shorter leash. If the Friday before printed a large range, I treat Sunday's open as provisional until Monday London accepts it, because the weekend book often repositions around that range.

Broker disagreement on the open print still bothers me. When my two platforms differ by more than two pips I use the mid point and mark the level as soft, which means bias only, never a stop resting on it.

Gap Mondays still need the gap edge first. The weekly open inside an unfilled gap is a label, not a tradeable line, until Asia or London trades back to the gap.

Do you ever drop the weekly open midweek after a strong two day drive, or keep it as bias through Friday?