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Here we can see price breaks the tight consolidation formed by the Asian Session.
That Asian session has built in market sentiment for buying and selling amongst the retail traders.
"I think it's bullish" or "I think it's bearish" is what is occurring all the way up to midnight.
The London Session starts and we get the first initial break of the Asian high for the new trading day.
Retail traders are trapped long because they faded the breakout over the high.
Price now targets the Asian sessions low because buyer have their stop losses below clean lows.
Retail sellers are also going to be triggered into the marker short on the break of the Asian low.
Price will then finally make one last turn around and blast off in its true higher time frame trend.
Here we can see price breaks the tight consolidation formed by the Asian Session.
That Asian session has built in market sentiment for buying and selling amongst the retail traders.
"I think it's bullish" or "I think it's bearish" is what is occurring all the way up to midnight.
The London Session starts and we get the first initial break of the Asian high for the new trading day.
Retail traders are trapped long because they faded the breakout over the high.
Price now targets the Asian sessions low because buyer have their stop losses below clean lows.
Retail sellers are also going to be triggered into the marker short on the break of the Asian low.
Price will then finally make one last turn around and blast off in its true higher time frame trend.
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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.