i prepared for 2 possible setups:
1) A buy if ASIAN HIGH is broken and held
2) A sell if the ASIAN LOW/ DAY BEFORE'S LOW was broken and held
- I used the m1 to find my entry using m1-m15 order blocks to support my analysis
--> along with the entry patterns: QM, ENGLUFINGS, Break-Retest-Follow thru
-I targeted the retracement going toward the NY HIGH of the day and continued to manage the take profit and stop loss as price continued on past it
- Once i started to see price stall on the M1 and continue to break, retest, and follow through to the downside going through the other TFs i decided to bring my stops 28pips into profit and let it play out while i slept
Overall my analysis panned out the way i thought it would
For those wondering, this retracement was based off of the H4 TF following the large continuation push that was produced
1) A buy if ASIAN HIGH is broken and held
2) A sell if the ASIAN LOW/ DAY BEFORE'S LOW was broken and held
- I used the m1 to find my entry using m1-m15 order blocks to support my analysis
--> along with the entry patterns: QM, ENGLUFINGS, Break-Retest-Follow thru
-I targeted the retracement going toward the NY HIGH of the day and continued to manage the take profit and stop loss as price continued on past it
- Once i started to see price stall on the M1 and continue to break, retest, and follow through to the downside going through the other TFs i decided to bring my stops 28pips into profit and let it play out while i slept
Overall my analysis panned out the way i thought it would
For those wondering, this retracement was based off of the H4 TF following the large continuation push that was produced