Daily Bias: Bearish
Key Elements and Plot in the Setup:
Asian Range Implementation (I did not catch that Short as it did not occur inside the Time of Day I prefer to enter the markets) Anything unexpected could happen, higher chances of being the liquidity.
HTF Price Range Arrays
Fibonacci Retracement to Discount Area in confluence to an existing HTF Price Range Array of Value (GAP in this scenario)
Targets: Simple the most recent high as above it is the midpoint of the Asian Range where it left without confirmation or retest.
After taking out liquidity in the HTF and LTF, found a Long Scalp Setup to enter.
Time of Day: London and NY Overlap
Key Elements and Plot in the Setup:
Asian Range Implementation (I did not catch that Short as it did not occur inside the Time of Day I prefer to enter the markets) Anything unexpected could happen, higher chances of being the liquidity.
HTF Price Range Arrays
Fibonacci Retracement to Discount Area in confluence to an existing HTF Price Range Array of Value (GAP in this scenario)
Targets: Simple the most recent high as above it is the midpoint of the Asian Range where it left without confirmation or retest.
After taking out liquidity in the HTF and LTF, found a Long Scalp Setup to enter.
Time of Day: London and NY Overlap
Trade closed: target reached
TP easily hit. Easy 1:4 RR with 2.3% Risk.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.