- Most frequently found that price will create a opportunity at around 8-9am
- Do not trade lunch hour, you can hold during and watch price if trade is on going.
- Look for change in direction in the PM session.
-Bearish Bias starting the day, heading to a 4 hour fvg
-Took 15min sell side liquidity on market open, did not displace upward for a change in direction so I did not assume that market would run buy side liquidity.
- Price retraces to exactly 50% from swing high to low, then continues lowers to wick a few ticks below FVG.
- Price respected the 15min FVG by...
- Bias was neutral, above a high time-frame gap but possible expansion to upside.
- Wick bellow sell-side liquidity, then a big 15minute bullish candle with reason to reach for buyside liquidity.
- Would have risk about 35 ticks for the profit of 90 by lunch hour (10am UTC-6) 3:1 RR
- Trade took 1.25 hours to reach two buyside targets.
Inside of the 15...
- Was bullish market open but could see a gap to the downside
- Price was choppy, no valid trade entry until that point after sell side was swept. The long wick tells me that it is more likely to be a sweep than a continue down.
- About an hour before lunch hour we break structure by making a new high, also being a long wick. We could have entered on a retest...
