EURUSD Trade study short/longTrade study using Asian range.
Trade went below opening candle in London session indicating bullish but wasn't noticed. Price also took the Asian lows before moving up. Price then consolidated before taking the Asian high, then took the recent swing low at lower timeframe indicating out POI. Price then eventually achieved our target Price Asian range low then took Thursdays (Asian high +4) before taking our initial Target (Asian range -1). Trading in Friday is complicated but with proper risk management we was able to take a 1:1.2rr trade
Using proper risk management is always necessary which I didn't do for some reason
NOTE : PRICE ALWAYS MOVES FOR A REASON
Asianrange
XAU/USD Asian Range Backtesting Notes: Asian Range is 19:00 - 00:01 (7pm-midnight est) on 1Hr time frame
Gold plays well off the Asian range
Highs and lows are usually Whole numbers ; Asian mid is on or around the 500 lvl
Best entries (London): 12:30 - 2am est after range has completed
Best entries (New York): 7:30 - 8 est
Entries taken from the Asian high low ONLY after the range has completed
Profit levels can be found previous Asian levels or previous higher time frame
Highs/Lows (look left for history)
TRADE THE TREND: Marking off Asian levels on a consistent basis help build the story for which trend is in play. From day to day, asian levels turn into each other often or turn into opportune entry points. (i.e Tuesdays Asian High = Wednesday Daily High, Wednesdays Asian High = Thursday Daily Low)
Avoid countertrading for the biggest rewards & chances to scale in on one position.
BE PATIENT! Trading outside the times & zones will leave you in consolidation, whipsawed, stop hunted or just waiting for price to move vs getting parabolic movement after entry.
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ETH SHORT SCALP ASIAN RANGE HIGH TO PRICE ARRAYS BELOW AR50Day's Bias: Bullish
Plot:
Descending Channel formation pattern.
Price expands in the Asian Session, price is expected to return close around it's 50%.
Price Arrays below AR50 to enter longs.
If I am right that we reached the top of Asian Range, price is going to mitigate price arrays on or below its 50%.
Bounce off AR50 within London or NY Sessions will be explosive.
Taking this Short Scalp and setup a Long right below AR50.
ETH Long Scalp Setup OTE Asian Low - Re-EntryDay's Bias: Bullish
Plot:
- Re-Entered after price shows a long entry setup after taking out short-term low liquidity.
- Setup model, Price takes out Asian Range Low by London Session to go higher and take out buy-side liquidity.
- Price Consolidated right above unmitigated optimal long entry before London Session.
- Asian Range cleanly sets up buy-side liquidity targets before NY Session ends.
- Day's Bias based on candle stick analysis.
- Price consolidates and shows strong willingness to seek higher prices after reaching OTE .
- Highest target Previous Day's High.
ETH LONG AS RETRACEMENT TO GAP ON HTF DOWNWARD IMPULSE MOVEDay's Bias: Bullish
Plot:
Expecting return to opening price where a gap can also be mitigated.
HTF Equal Highs are obviously being targeted.
Price reaching for the GAP left from HTF down thrust.
Expecting a Long Setup to occur within London Session.
Trade shall be closed when TP reached or by end of NY Session.
You Should Know Importance of Asian Range! Asian Range is very important when we want to talk about liquidity concepts in general.. Most importantly, Liquidity Grab ..
First have a daily bias .. then use Asian Range's high and low to determine sellside/buyside liquidity.. Wait for London Open Killzone and search for a FVG ..
Let me know your thoughts in comments 🤠
ETH Short as Retracement Move Using Asian RangeDay's Bias: Bearish
Plot:
Asian Range Implementation - price takes out Asian Range High before trying to reach for lower prices as a retracement.
Short Setup found after price takes out asian range high.
Possible bullish continuation next week.
Price is eyeing for tons of liquidity and gaps below.
Trade will be closed when TP hit or by end of NY Session.
Asian Range | Liquidity Trap | FVG & London OpenHey folks I hope you're all good and making some good untraditional profits 😉
Here is a model that you will find few days every trading week!
{Terms used in this Idea}
Asian Range:
a time span from 19:00 to 00:00 NY Time that forms every day except for Mondays.. Usually price taking of Asian Range's high or low means liquidity is taken and price "could" reverse short-term if that agrees with our daily bias..
London Open:
Time span from 02:00 to 05:00 NY Time when the market is very acrive. Price usually forms high or low of day during London Open..
FVG:
Fair value gab is a gab that forms between two candles separated by a third candle forming the gab (blue-shaded boxes on chart)
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ETH LONG SETUP Return to Asian Range Midpoint SetupDay's Bias: Moderate Bullish
Plot:
Strong Bullish push upwards started by the Asian Session as a continuation of previous day's momentum.
Price has not returned yet to the midpoint of the Asian Range, where we can find a huge GAP that price is highly attracted to.
When price returns to the Midpoint, we can expect a Long Setup to form as a confirmation to enter.
TP at 200% of the swing's momentum.
Trade shall be closed by end of NY Session or when TP is hit.
ETH BEARISH Price Arrays of Value ObservationDay's Bias: Bearish
Just observing price and plotting Price Arrays of Value and identify the right entry point for a short.
Bias remains strongly bearish as DXY appears to be on an upward direction and any down move of ETH should be strong.
Additionally, price action remains leaving HTF Swing Highs while continuing to seek liquidity from lower price arrays.
ETH SHORT Scalp London OpenDay's Bias: Neutral Bullish
Plot:
A Possible Counter Trend Setup to scalp internal liquidity. Price hits a -OB then occurs a short entry setup to seek lower prices and internal liquidity.
Price left the Asian Range as a continuation of previous day's price action.
Price leaves FVGs close to today's Asian Range High.
Target's can be the FVG or Asian Range High, may possibly reach for Asian Range 50%.
Price may continue to drop to lower prices already taking out HTF external liquidity, specially as we get close to the weekends.
Strategy: Asian Range Implementation + London Open Setup.
ETH Short Scalp Setup SummaryDaily Bias: Bearish
Plot: Previous Day hit a major HTF Price Array that would constitute a reversal of price action or rejection of continuation. It was a classic implementation of the Asian Price Range. Was able to evade the expected volatility spike, and found 2 entry setups. Missed the first entry setup where price creates the High of the Day upon entering the London Open on a Bearish Bias Day.
Key Price Action Highlights
1. The Asian Range High, Mid, and Low Price Arrays of Value.
2. Liquidity build ups after the Asian Range, and price takes out the Buy Side Liquidity before forming a good Intraday reversal of price in the London Open.
3. Liquidity targets on lower prices.
NAS Intraday/Scalp ShortNasdaq, potential setup to go short, targeting the zones below where price could reverse and go long
EURUSDPrevious day high/asian range high broken currently retracing FVG. there is a chance the market may come down to take the liquidity below before going up as the asian range high was taken before taking the asian range low.
For bullish setup wait for the candle to give proper confirmation of rejection on the FVG and only enter if the candle closes above the FVG.
for bearish setup wait for the FVG to be broken take the swing low.
GLGT
GBPUSD BUY MODELPrize has broken out to the downside of the Asian range landing in the H4 demand zone. as we know the initial move after breakout of the Asian range is the London open which is basically manipulation and creating the low of the dau. bias is BUllish so after the mitigation of the M15 OB that caused CHOCH we will take our buy position