There were three NQ sessions in the last two weeks which broke both sides of the overnight range. Let’s check them out.
The following are all Higher Timeframe 15 minute charts. I chose this timeframe simply because it fits on the image quite nicely. Whatever higher timeframe you use, is fine. The concept here is the same.
Does this always happen?
No.
Does this mean that when it does happen that the trend always will be smooth and easy to trade?
No.
But you can bet your whole account on the fact that when it does happen, I’ll be prepared, focused and ready to exploit any trend that does develop.
YTC Price Action Trader with-trend setups ONLY.
Until the market proves otherwise.
Have a look through some of the charts in your own markets and see if you can identify a similar feature. Forex traders will want to use a break of both sides of a narrow range Asian session.
Happy trading,
Lance Beggs