[quote=“wyntac, post:1277, topic:71504”]If you do, ensure you’re zoning in on the higher daily range stuff for intraday plays sylvan otherwise you’ll have to sit through long periods of interminable boredom.
I have a grid template with the higher ranked pairings grouped separately for a similar objective.[/quote]
I’ll begin paying much closer attention to these scenarios whenever the transitions begin setting up, particularly when the basing pattern materialises. Initial first glances & lookbacks are already highlighting good, consistent potential.
Reflecting on that point, i note eurcad started to flip on tuesday, began loading more heavily into longs wednesday & peaked thursday right around that big 1.60 number as it posted a lower high right on the figure during the London/NY transition phase. It was similar activity on gbpcad at 1.80, just not quite as aggressive.
Going back to my reply post to hawkmoon last week where i mentioned the netting activity when basing, gbpchf was reasonably balanced into beginning of last week but swung noticeably short on tuesday & again wednesday as it bounced off 1.30 having based. Shorts were still strongly outstripping longs as it cleared early week highs into 1.31 on wednesday.
I’m sure those situations can offer good short term/intraday probability set ups using the structural elements from a slightly different angle when the big levels are in play. After all, that’s where the bulk of order tickets are usually resting, confirming why price often accelerates rapidly away from those zones so consistently.
Again, careful flitering when undertaking that set up will undoubtedly offer increased odds of success.