Trade study using Asian range.
Trade went below opening candle in London session indicating bullish but wasn't noticed. Price also took the Asian lows before moving up. Price then consolidated before taking the Asian high, then took the recent swing low at lower timeframe indicating out POI. Price then eventually achieved our target Price Asian range low then took Thursdays (Asian high +4) before taking our initial Target (Asian range -1). Trading in Friday is complicated but with proper risk management we was able to take a 1:1.2rr trade
Using proper risk management is always necessary which I didn't do for some reason
NOTE : PRICE ALWAYS MOVES FOR A REASON
Trade went below opening candle in London session indicating bullish but wasn't noticed. Price also took the Asian lows before moving up. Price then consolidated before taking the Asian high, then took the recent swing low at lower timeframe indicating out POI. Price then eventually achieved our target Price Asian range low then took Thursdays (Asian high +4) before taking our initial Target (Asian range -1). Trading in Friday is complicated but with proper risk management we was able to take a 1:1.2rr trade
Using proper risk management is always necessary which I didn't do for some reason
NOTE : PRICE ALWAYS MOVES FOR A REASON