So we have a rather tall Asian range ...not particularly excited or expecting a solid break and reversal early london, might not happen until NY even.
But then the levels I'm interested in above and below are the lines.
Wait for break out of the range and then a reversal (M or W) at the level and then decide/find entries and...
We hit some good levels yesterday, setting us up for what could be a good directional move
I see a not too shaby Asian range, I'll like to see a break to the low and catch a W of yesterdays lows (low of this week) or last weeks lows and then ride the beast up
Updates to follow ...leave me comment to let me know your thoughts if any.
Happy and safe trading
So today's play is shaping up, we have an Asian range
Currently rejecting a key level just at the top of the range and I'm expecting a breakout to the low to stop hunt yesterdays lows and form a higher time frame W second leg
I'll be looking for a clean and complete W in London to get into a BUY ...updates to follow (feel free to comment)
So we had a clear W last week and feasted on the buys
Technical in an uptrend move with the first V coming
With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high
The play will be to sell back into the Asian range (if we get an M at High of last week...
Play is simple ...Mid Week Reversal anticipated at zone
Break of previous structure low and trend channel inducing sellers and stop hunting buyers
Look for entries ...multiple will likely come before and during NY ...milk the markets and don't let no losses run; tight stops!
So inside a single day what I look for is Asian Range
Wait for a break out of the Asian Range and get a clear 5/15min W or M within first 1hr -1hr 30min of London opening (at a level - low/high of previous day or week or H4 level)
The break OUT of the Asian Range could be 10-40pips even 50pips ...but I'm interested in...
See Markups for potential zones and entries.
Break below and retest of that trendline will give us a short opportunity.
Quick meltdown and a W at our kill zone will give us a BUY opportunity and potential MID-WEEK Reversal trade.
Spike up, rejection of trendline and a rise up to our kill zone with stop hunts high and a clear M will give us a decent SELL and we...
So we have the previous week's low just above and likely to be tested today.
We have a posible asian range with the market already abve showing a potential M so that may playout but more likely induce more sellers before rallying upwards.
3 kill zones have beenmapped out and so we want to see price tell us the same stories we have told on the live session and...