One of my favorite day time or scalping entry patterns is the breakout of range pattern on hourly time frame. The best times for any entry patterns occur is in between (end of Tokyo) 10 p.m. to 6 a.m (start of New York) PST/CA times- why? high liquidity and volume.
This pattern on attached hourly chart, happened end of Tokyo and start of London a prime time to entry a new trade. This set up could have been from a 1:4 or 2:4 set up of risk reward, depending on your plan and strategy and risk management.
This pattern on attached hourly chart, happened end of Tokyo and start of London a prime time to entry a new trade. This set up could have been from a 1:4 or 2:4 set up of risk reward, depending on your plan and strategy and risk management.
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