GBPUSD Buy

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 the reversal which will surely go back to the top of that range and typically go beyond

Here you can see I've added 3 levels below current price ...potentially it could break out of the range, go there and reverse with a clear W. This W will bring a rise that will potentially give us an A ...which will set us up for a nice W tomorrow or next

So I have
Identified the Setup and levels
Predicted what it may do next ...if it does then I will
Decide what I will do (in this case buy) ...and then I will
Execute the trade

IPDE = Trading Correctly

Commento:

Possible stop hunt ...down at1.3825-30 level if we can't stay above 1.3850
...Another potential entry zone at 1.3825 with very tight stops

Trade attivo

Commento:

Yesterday had 2 early exists at low of Asian range

Back at entry level with a possible stop hunt down to last weeks lows

Trade attivo:

At high of Asian Range ...breakout above expected.
Rejection? Secure bags

Commento:

Now approaching target at 1.3880 ...which is the high of yesterday

An M formation at key levels above and and in NY should be moment to consider exit

Aim is to collecting 100pips (50 on both entries)

Trade chiuso manualmente:

1.3867 safe closure