GBP/USD - 24 Hour Market Cycle (MM's Setup)
In this case we're using 15 min chart, to see how usually price is behaving during 24 hours...
At the beginning of the day during Asian session, price is accumulating, in range, (Support and Resistance),
Sooner or later we'll see breakout of the range, making breakout traders open (Sell, Buy) positions,
After that price will go in their direction, (usually 10 - 15 pips), so that Retail Traders have some hope in their trade,
And then? Aggressive impulsive moves, opposite direction of the breakout, going back to range, and lower, hitting their Stop Losses, and pushing price in other direction, where breakout was occurring
At the beginning of the day during Asian session, price is accumulating, in range, (Support and Resistance),
Sooner or later we'll see breakout of the range, making breakout traders open (Sell, Buy) positions,
After that price will go in their direction, (usually 10 - 15 pips), so that Retail Traders have some hope in their trade,
And then? Aggressive impulsive moves, opposite direction of the breakout, going back to range, and lower, hitting their Stop Losses, and pushing price in other direction, where breakout was occurring
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