this is the best of the best setup:-
1-Major trend on Daily and H4 is bearish
2-Trading range is between the 1932 and 1914
the price should not violate the High of the Range because of the bearish trend
(important note:-if the price violate the 1932 high of the range ,that is the warning sign that the price may begin to change its direction from bearish to bullish)
Important note that the price is bearish because most of the movement is continuation other than reversal , so we should considered it bearish unless it violate the high of the range 1932
3-London Session range from 1915 to 1932
during London Session the price begin to build up LQ from below and above ranging from 1915 to 1924
1915 is the double bottom LQ built between Asian and London Sessions
4- OB-POI is at the level 1930.7 inside the range is the target of entry in a short position
because it is not mitigated before .
So the best zone for entry is 1930 and STOP LOSS above 1932 (high of the range )
5-Fibonnacci Level (the reached the 95% in the premium area) mitigated the the OB-POI for the first time inside the range
6-The price had swept all the LIQUIDITY areas (after mitigation the OB-POI inside the Range) to below the Low of the Range 1914
7- And so the price should be hunted in this OB-POI in a short position 1930
Stop Loss 1933
Take Profit 1914
This is the best of the best setup for trading range analysis in confluence with other variables in the trading
thanks
1-Major trend on Daily and H4 is bearish
2-Trading range is between the 1932 and 1914
the price should not violate the High of the Range because of the bearish trend
(important note:-if the price violate the 1932 high of the range ,that is the warning sign that the price may begin to change its direction from bearish to bullish)
Important note that the price is bearish because most of the movement is continuation other than reversal , so we should considered it bearish unless it violate the high of the range 1932
3-London Session range from 1915 to 1932
during London Session the price begin to build up LQ from below and above ranging from 1915 to 1924
1915 is the double bottom LQ built between Asian and London Sessions
4- OB-POI is at the level 1930.7 inside the range is the target of entry in a short position
because it is not mitigated before .
So the best zone for entry is 1930 and STOP LOSS above 1932 (high of the range )
5-Fibonnacci Level (the reached the 95% in the premium area) mitigated the the OB-POI for the first time inside the range
6-The price had swept all the LIQUIDITY areas (after mitigation the OB-POI inside the Range) to below the Low of the Range 1914
7- And so the price should be hunted in this OB-POI in a short position 1930
Stop Loss 1933
Take Profit 1914
This is the best of the best setup for trading range analysis in confluence with other variables in the trading
thanks
Comment:
The trading range is between 1932 and 1922 which had been violated by wick and then violated by candle body closure to 1914 before day