Time and price go hand in hand in terms of what to expect from a specific time of the day, in this example london forms the high of the day, new york is a continuation of london and london close caps the daily range. Although there is alot more that goes into the extrapolation of the daily range, time and price is a key element to the daily range.
Targets met thanks to the BOJ Press Conference. As mentioned in the previous post price formed a daily swing high at the daily bearish order block's mean threshold and traded towards the draw on liquidity for over 350 pips
40 days later AUDJPY provided a tradeable range of over 300 pips however as momentum is starting to slow down I doubt the draw on liquidity will be met this year. Nevertheless the bias was correct and we can now see that price traded into a daily rejection block and started a pullback into the range, if price forms a swing high we could see price potentially keep...
Price traded off a monthly bearish order block and broke structure to the downside followed by a pullback into premium prices where premium PD arrays (bearish fair value gaps) are being respected showing distribution to the downside with the target being the daily equal lows
USDCAD market maker sell model complete, the original consolidation was cleared providing a tradeable range of 126 pips. ISM manufacturing PMI release was negative pushing price to the objective. One shot one kill on a monday.
Following the bullish dollar momentum and order flow buys were taken on USDCAD during the new york session. London set the low of the day followed by a break of structure to the upside this trade was as simple as waiting for a short term discount price relative to the daily trading range and 1 hour fair value gap for entry, risk to reward wasn't the highest at 1:3...
The market maker sell model has completed the full objective of the original consolidation being cleared which was outlined on the 8th of september 2022. Unfortunatley price completely filled in the monthly fair value gap and then formed the smart money reversal and sell side of the curve, however the idea and bias was spot on with a tradeable range of almost 300 pips.
After price reached the draw on liquidity which was an old daily low @ 0.66816, I expected a retracement into premium prices within the range which was taken advantage of when price did not take it's previous weeks low coupled with a lower timeframe entry model offering 53 pips risking 8 providing a clean 1:6.7 RR. The drawdown was unfortunate but correct stop...
Short bias was established on the 4th of august (date of the screenshot) which offered a tradeable range of over 1000+ pips to the relative equal daily lows (draw on liquidity).
NZDJPY market maker sell model currently in play. A smart money reversal formed after price took out an old daily high while trading inside a monthly fair value gap. price is in premium so this could be a run from premium into discount to mitigate internal range liquidity and potentially clear the original consolidation around 84.762.
The market maker sell model did not complete by clearing the original consolidation but instead was used to trade from premium into discount and reversed from a discount PD array which was the 1 hour fair value gap. Price continued trading in line with the higher timeframe order flow which was bullish which is why the model did not necessarily need to complete but...
price created a double top at resistance and broke the previous higher low. If price retraces and forms a lower high this will confirm the break of structure as added confluence for short positions with a potential swing target of +- 160 pips with smaller targets to take off partial profits along the way marked in blue.
