ETH LONG SETUP Return to Asian Range Midpoint Setup
Day's Bias: Moderate Bullish
Plot:
Strong Bullish push upwards started by the Asian Session as a continuation of previous day's momentum.
Price has not returned yet to the midpoint of the Asian Range, where we can find a huge GAP that price is highly attracted to.
When price returns to the Midpoint, we can expect a Long Setup to form as a confirmation to enter.
TP at 200% of the swing's momentum.
Trade shall be closed by end of NY Session or when TP is hit.
Plot:
Strong Bullish push upwards started by the Asian Session as a continuation of previous day's momentum.
Price has not returned yet to the midpoint of the Asian Range, where we can find a huge GAP that price is highly attracted to.
When price returns to the Midpoint, we can expect a Long Setup to form as a confirmation to enter.
TP at 200% of the swing's momentum.
Trade shall be closed by end of NY Session or when TP is hit.
Comment:
Forgot to mention, we should always consider, price' return to the opening price prior to the day's true direction.
Trade closed manually:
Positive PNL. End of NY Close.