Asia session delivered a $4,000 range move, dropping from 107 to 103. The speaker expects the rest of the day to stay quiet, with possible targets near 101.5 or 101. Wait for a retracement to the fair value gap before entering a short.
Around 107 down to 103.
$4,000 range.
About 101.5 or 101.
As of filming the time was ~3:30, with a watch window until ~7:00am.
Now, don't get me wrong, one thing you should not anticipate is that because the range, or rather Asia session was so volatile, like, you have 107 to, like, 103, right? This is a $4,000 range, which means that I'm willing to bet that a lot of the daily volatility is already put into place, which means that for the remainder of the move today, you may expect today to just maybe hit, you know, 101.5 or maybe even 101. Maybe you might hit the further gap all within today. I don't know. But. But what's important to understand is that the setup remains the same. You're looking for some kind of retracement. For me, I'm going to be looking at this fair value gap right here. If this happens sometime during, let's see, as of the time that I'm filming, this is 3:30. If this happens anywhere between now and like 7:00am Then you. And if Price also shows a willingness to start going down, then, boom, you just write a continuation trade, lower target.
