Equal lows got created at the minor demand level but the HTF demand was not mitigated leaving a gap.
We have now taken the equal highs at the Asian high, could we now see price return to the Asian low this afternoon to fill the gap?
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EPP have already retested & bounced from 2 potential wedges formed by the high & lows of 2008 crash. The green & black lines are the topside of the 2 wedges. See the yellow zones.
Is the bottom in or is a deeper ABC coming?
If the 2 yellow zones of the 2 bounces does not hold, 43.22 will be the next downside target completing
A deeper ABC wave at the 1.272 FIBO...
This post is to talk about starting your trading journey and trading the Asian session. To many of us, the Asian session could be called the least active and least volatile market. This is proven above, Asian sessions are green, LN and NY sessions are red.
When I started trading and to this day, I have learnt that I take my losses in the Asian session most of the...
Price has displayed a bearish sentiment and momentum for some time now. This analysis is based on a few technical factors:
- Weekly momentum to the downside is very high
- The previous daily lows have been breached
- Current price has retraced from support in order to achieve a discounted entry
Targets have been set at a significant support region and I intend...
Bitcoin (BTC) held above the $40,000 level on Thursday amid a broader uptick in global equities as the U.S. Federal Reserve (Fed) hiked rates by 0.25% as expected.
Fed chair Jerome Powell signaled the U.S. economy was “very strong” and could handle monetary tightening, causing a jump in equities. Meanwhile, the Bank of England will also holds its policy meeting...
Classic AMD Trade / Asian - London - NY
Old High Taken (Last Years High)
We Have A ACCUMULATION (A) BOX, Which Is Also Our Asian Boc
We Had Price Selling A Bit Forming Our MANIPULATION (M) / London Open Rally
Whilst Forming A MANIPULATION, It Filled The Liquidity Void
Filled In The Bearish Order Block
Formed HTF Divergence
EURUSD is respecting supply and I'm waiting for it to pullback in the supply. In the Asian session it made a decent drop and it looked like it touched supply but I made a liquidity pool so wait for it to get there and after the grab look for bearish structure
no financial advice
This pair wiped the Asia high whilst taking a level of resistance.
If we manage to cross back over the Asia high strongly bearish, the price is likely to fall into the zone of trapped sellers.
I have illustrated what I would like to see today.
Always drop into the lower timeframes before confirming a trade, BOS is ideal.
Good luck today traders!
This is my favorite setup. My most traded setup. The only Intraday I enjoy trading.
Look for short term lows formed in the New York Lunch Session. Once price purges the short term low, go long.
Aim for a short term high or clean high as a target.
Look for short term highs formed in the New York Lunch Session. Once price...
ASIAN | Thailand Set Index | Food Sector | Target estimated for uptrend minor impulse wave
> Strong momentum breakout of triangle with area of consolidation support
> Breakaway candlestick - possible BUY ON DIP
> RSI & MACD Bullish signal
Always respect your stoploss
Here we are seeing my idea for eur longs into the utad test area.
We have on the lower tf a break of structure on the 15m 5m 1m and equal lows that are then swept by a institutional FU candle on our first entry. Our second entry we are hoping to see a respect of our banker block of the unmitaged impulsive move.
Looking for shorts when we enter our POI test area.
Looking to see if the Asian Session wants take the N.Y sell stops and fade higher into tomorrows trading session.
We can see this as a common 20 pip scalp typically but could run longer into next N.Y session.
As you can see I was able to catch the Asian High as the entry.
This high also happened to break the late N.Y buy stops and price faded away from those highs.
Price then displaced lower and took out many sell stops.