Aviona Daily Bias

Question 1

What is bias in trading?

Answer 1

It is having an expectation that price will move in a specific direction.

Question 2

What is bias and time?

Answer 2

It is having an expectation of price direction in a specific time frame

Question 3

what does it mean when a candle closes lower than the previous one?

Answer 3

It means I can expect price to go lower

Question 4

What do I expect from the candle following this?

Answer 4

1. I am expecting the next candle to go lower than this low.
2. I am expecting the next low to take out this liquidity
3. But I do not know where that candle will close
4. My bias is set for price to reach lower than this level for tomorrow’s candle

Question 5

What are the characteristics of this new candle?

Answer 5

1. price closed higher than the previous low but lower than the previous high.
2. price is still within range
3. We don’t have a clear bias