NZD/USD CBDR Example With Wicks
Hello Traders!
Here I am waiting for the Central Bank Dealers Range to finish forming at 8 pm N.Y EST.
I can see that if i use the bodies of the candles for the range it will be short of the minimum 20 pips required.
However, if I use the lowest wick and highest wick I can achieve the 20 pip minimum.
Now do understand everyones brokers spread is different and our highs and lows will all look different.
This is going to help aid me to find the high or low of the day.
I believe NU has more ways lower, so I want to see price give a protraction (fake move) to trap retail traders on the wrong side of the market.
Also would like to see a tight range for the Asian range. It will make trading London more high probability.
Overall would like to see NU go long via HTF.
Here I am waiting for the Central Bank Dealers Range to finish forming at 8 pm N.Y EST.
I can see that if i use the bodies of the candles for the range it will be short of the minimum 20 pips required.
However, if I use the lowest wick and highest wick I can achieve the 20 pip minimum.
Now do understand everyones brokers spread is different and our highs and lows will all look different.
This is going to help aid me to find the high or low of the day.
I believe NU has more ways lower, so I want to see price give a protraction (fake move) to trap retail traders on the wrong side of the market.
Also would like to see a tight range for the Asian range. It will make trading London more high probability.
Overall would like to see NU go long via HTF.
