Bringing your attention to the 1st image, we see price took out Asian Low and Equal Lows on the 15m with buyers showing a willingness to move price higher. I was expecting price to continue up to Asian High / OB1 and then reject and was also watching OB2 incase we didn’t get the immediate sell off on a sweep of OB1.
Confirmation is key for this set up as I’m looking for the sell off / FVG or OB created to take an entry upon a retest.
Looking at the 2nd image, price took Asian High and OB1 but didn’t give the sell off I was looking for so I shifted my attention to OB2. We got a nice rejection and sell off from OB2 breaking a short term low, creating a FVG and then entry on retest with the bodies of the candles closing below the mid point of the FVG.
4.8:1 RRR in 3 hours.
Looking at the 3rd image, you could have also got a secondary entry if you missed that first one. A second FVG was created that was retested twice. Take Profit in the same place with Stop Loss above swing high.
Bringing your attention to the 1st image, we see price took out Asian Low and Equal Lows on the 15m with buyers showing a willingness to move price higher. I was expecting price to continue up to Asian High / OB1 and then reject and was also watching OB2 incase we didn’t get the immediate sell off on a sweep of OB1.
Confirmation is key for this set up as I’m looking for the sell off / FVG or OB created to take an entry upon a retest.
Looking at the 2nd image, price took Asian High and OB1 but didn’t give the sell off I was looking for so I shifted my attention to OB2. We got a nice rejection and sell off from OB2 breaking a short term low, creating a FVG and then entry on retest with the bodies of the candles closing below the mid point of the FVG.
4.8:1 RRR in 3 hours.
Looking at the 3rd image, you could have also got a secondary entry if you missed that first one. A second FVG was created that was retested twice. Take Profit in the same place with Stop Loss above swing high.