Hello Traders!
Here we can see the classic Bearish A.M.D.
Notice the Asian high is broken first but we do not get a quick run to the Asian Low until after 3am.
3am is normally my cut off time to to indicate to me price has printed the high of the day above the Asian High(Not everyday does it happen like this).
As an Intraday trader you should be focused on capitalizing on this pattern each day.
It does not happen every trading day, so I caution risk management and number of trades.
Here we can see the classic Bearish A.M.D.
Notice the Asian high is broken first but we do not get a quick run to the Asian Low until after 3am.
3am is normally my cut off time to to indicate to me price has printed the high of the day above the Asian High(Not everyday does it happen like this).
As an Intraday trader you should be focused on capitalizing on this pattern each day.
It does not happen every trading day, so I caution risk management and number of trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.