ETHUSDT.P Bearish Asia reversal theory
Last trade did not go my way because there was more liquidity to be swept.
On this trade we see another liquidy sweep on the 30m. We also see the highs got sweeped on 4hr timeframe. So I'm looking in on lower time frame for a break of structure to the downside to enter this trade. I also have created this Asian session reversal theory. I ran a bunch of back test and seen that most of Asia sessions have a reversal more often than not towards the beginning of the session. I am going to be testing this theory out for my real time trades to see if this could benefit into my trading plan. What do you guys think?
On this trade we see another liquidy sweep on the 30m. We also see the highs got sweeped on 4hr timeframe. So I'm looking in on lower time frame for a break of structure to the downside to enter this trade. I also have created this Asian session reversal theory. I ran a bunch of back test and seen that most of Asia sessions have a reversal more often than not towards the beginning of the session. I am going to be testing this theory out for my real time trades to see if this could benefit into my trading plan. What do you guys think?
Note
Wow this went perfectly, I already hit my both tp's. For my first trade with this theory, It was a success. I believe I'm on to something here and I'm excited to keep using this stragedy.
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