ETH LONG SETUP Return to Asian Range Midpoint Setup
Updated
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.
Note
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.
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