So inside a single day what I look for is Asian Range
Wait for a break out of the Asian Range and get a clear 5/15min W or M within first 1hr -1hr 30min of London opening (at a level - low/high of previous day or week or H4 level)
The break OUT of the Asian Range could be 10-40pips even 50pips ...but I'm interested in the reversal which will surely go back to the top of that range and typically go beyond
Here you can see I've added 3 levels below current price ...potentially it could break out of the range, go there and reverse with a clear W. This W will bring a rise that will potentially give us an A ...which will set us up for a nice W tomorrow or next
So I have Identified the Setup and levels Predicted what it may do next ...if it does then I will Decide what I will do (in this case buy) ...and then I will Execute the trade
IPDE = Trading Correctly
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Possible stop hunt ...down at1.3825-30 level if we can't stay above 1.3850 ...Another potential entry zone at 1.3825 with very tight stops
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Yesterday had 2 early exists at low of Asian range
Back at entry level with a possible stop hunt down to last weeks lows
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At high of Asian Range ...breakout above expected. Rejection? Secure bags
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Now approaching target at 1.3880 ...which is the high of yesterday
An M formation at key levels above and and in NY should be moment to consider exit