First Candle Range (FCR) Gold Strategy - Etubers

The 18:00 (6:00 PM) candle is widely used by traders in the Forex and Futures markets because it marks the New York market rollover and the start of the Asian session.

How the Strategy Works:
- The Range: The High and Low prices of the 1-hour candle (18:00–19:00) create a "Supply and Demand" zone.
- The Breakout: A candle closing above the high signals a bullish breakout; a candle closing below the low signals a bearish breakout.
- Institutional Memory: By extending this zone forward for 4 days, traders can identify where "old" 18:00 levels act as support or resistance in the future.
- Execution: Traders often wait for a breakout followed by a "retest" of the box boundary to enter a high-probability trade.

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First-Candle Range (FCR) Simple Break & Pullback Strategy

The First-Candle Range (FCR) is the price range created by the first 1-hour candle at 18:00 (6:00 PM). This candle appears when one trading day ends and another begins, which is why price often reacts strongly around it.

Step-by-Step Strategy
1. Mark the FCR Box
- Go to the 1-hour chart.
- Find the candle from 18:00 to 19:00.
- Draw a box from the High to the Low of that candle.
- This box is called the First-Candle Range (FCR).

2. Wait for Direction
- If a candle closes above the box, price is likely to move up.
- If a candle closes below the box, price is likely to move down.
Ignore wicks — only full candle closes count.
This step gives you the direction. No guessing.

3. Keep the Box for Future Days
Leave the FCR box on your chart for up to 4 days.
Price often respects these levels later, acting like:
- a floor (support), or
- a ceiling (resistance).

This helps to see where price may react again.

4. Entry on Lower Timeframe
Drop to the 15-minute or 5-minute chart.
Wait for price to:
- break the FCR box,
- then pull back toward the box.
- Enter when price shows:
* a clear higher low (for buys), or
* a clear lower high (for sells).

This confirms that price is continuing, not faking.

5. Stop Loss & Target (Simple Rules)
Stop loss:
Just outside the opposite side of the FCR box.

Take profit:
Next clear high or low on the chart,
or 3× your risk (risk 1, aim for 3).
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Why This Strategy Is Good for Beginners
- Uses one candle, one box, one direction
- Clear entry, stop, and target
- Easy to practice and repeat
- Works on Gold better

Simple Rule
“Mark the First Candle. Wait for the break. Enter on the pullback.”

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