Delivery II - Asia range
Now let’s dive into the concepts of the Asia range and get some more theoretical insights within this renown trading sessions and how you can use it to your advantage.
Theory
“19;00 - 00;00 UTC - 4/5 NY time”
There are a lot of hidden gems when it comes to understanding Asia range. But note one thing, there is no holy grail or some kind of magic bullet. But Asia range lets you narrow out a lot of profit taking in your systematic approach.
You are applying technical aspects with matching arrays. Hopefully, you are beginning to understand that price is not as methodological, and rule based as it seems.
Matching your fib extension levels, deviations, with arrays can help you nail the target to the pip.
Let’s translate this to the charts, shall we?
Asia range deviations guide
Step 1 - locating the range
Step 2 - body to body identification of the range
Step 3 - distance of half the range
Step 4 - plotting the extension
Step 5 - arrow guide of the extension
Step 6 - Aligning the deviations with array
m15 - emphasis on how well everything lines up
Example
Standard deviations reacting to liquidity, price either distributing at these levels, or injecting more.
Notice how as we go deeper in the standard deviations, the heavier the liquidity movements will become until price collapses and changes direction.