Day after day, week after week, month after month, year after year, decade after decade, the Buy Zone is still producing winning trades. Simple horizontal lines that price must pass through.
I really love this using the BZ at the beginning of the trading day. Your charts represent the open of the new trading day in Australia following the NY close, your mid-afternoon I think.
My only concerns are the general low volatility at least until the Tokyo open and greater spreads until things pick up, and I note that a nearby Daily Pivot or RN often stifle price movement.
Seems like price pokes it head beyond the BZ a time or two prior to really moving on. I wonder if the Tokyo open represents a better starting point?
Finally, since price will often retrace and pass through the BZ heading the other way later in the day . . . can I assume you set a pending order for that later entry?