NY Open Reversal Strategy: Fading the First 15-Minute Candle

The New York open at 9:30 EST is notorious for false moves. Here's a strategy built around fading that initial spike: **Concept:** The first 15-minute candle often overshoots due to stop-hunting and retail FOMO. Fading this move when price returns inside the previous range captures the institutional reversal. **Entry conditions:** - Price makes a new high/low in the first 15 minutes - Next 15m candle closes back inside the overnight range - Volume on the reversal candle exceeds the average **Entry:** Market order on the close of the reversal candle **Stop Loss:** Just beyond the 15m high/low (SL: 20–30 pips) **Take Profit:** Midpoint of the overnight range first, then opposite extreme (R:R typically 1:2) This works best on USD pairs and indices. Avoid on strong fundamental news days — the initial move can be legitimate. Have you tested a NY open fade strategy? What was your experience?