This strategy doesn't depend really on market direction. It's mainly orderblock, S&R and fair value gap.
ACRONYMS USED HERE ARE;
BMS-Break in Market Structure.
ORB- Order Block.
FVG- Fair Value Gap.
Let me walk you through my thought process;
First Identify your order block
Find your resistance
Find your fvg
Now you can decide to do two things depending on whether you're the aggressive or conservative trader.
If you're aggressive, you could either open a trade at the fvg, where your sl is either below the close of the first candle or just below the orb.
If you're the conservative type you'd want to open the trade at the retest of the orb, place your sl just below the zone adn your TP1 should be the fvg and tp2 should be the next high
ACRONYMS USED HERE ARE;
BMS-Break in Market Structure.
ORB- Order Block.
FVG- Fair Value Gap.
Let me walk you through my thought process;
First Identify your order block
Find your resistance
Find your fvg
Now you can decide to do two things depending on whether you're the aggressive or conservative trader.
If you're aggressive, you could either open a trade at the fvg, where your sl is either below the close of the first candle or just below the orb.
If you're the conservative type you'd want to open the trade at the retest of the orb, place your sl just below the zone adn your TP1 should be the fvg and tp2 should be the next high