A trader explains how to read intraday market structure using Asian and London session ranges. When both ranges get broken through, expect consolidation in New York. On buy days, watch for the low of either range to be taken out first, signaling an upward move.
Okay, so we have Asian range liquidity and then we have London range liquidity. But with index markets, those become more sensitive intraday because in an uptrending market, we're typically not going to take out the previous day's low. You know, if I had to like draw like a box, this might be Asia or we might have London session. Let's say London session actually ranged, both of them ranged. Yeah, you know, if we don't get a raid on either of them, then typically what I'm looking for in New York is a raid one or the other way. Usually when I come to New York, if both sides of the range have been taken out, I'm anticipating consolidation. So on a classic buy day, what I want to see is usually the Asian rate low or the London low be taken out before it goes higher.
