BUY BELOW OPEN IN BULLISH MARKET;SELL ABOVE OPEN BEARISH MARKET
*PARDON MY KEYBOARD. SOME LETTERS ARE BROKEN.
In this example, the market had shown the previous week it was bearish because of the break of structure on the 4hr time frame. Understanding this, we should automatically look for bearish set-ups for the following week. The week opens and immediately we should be identifying any institutional candles or imbalances ABOVE THE WEEKLY OPEN that could potentially cause the market to react in a bearish manner. We had an institutional candle that was identified above the weekly open that could cause the market to react. In scenarios like these, you would expect price to hit your point of interest at the beginning of the week (Tuesday London session) and trade in your anticipated direction the rest of the week or until your target is met.
In this example, the market had shown the previous week it was bearish because of the break of structure on the 4hr time frame. Understanding this, we should automatically look for bearish set-ups for the following week. The week opens and immediately we should be identifying any institutional candles or imbalances ABOVE THE WEEKLY OPEN that could potentially cause the market to react in a bearish manner. We had an institutional candle that was identified above the weekly open that could cause the market to react. In scenarios like these, you would expect price to hit your point of interest at the beginning of the week (Tuesday London session) and trade in your anticipated direction the rest of the week or until your target is met.