Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the beginning of this week, Monday, November 21st, 2022.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
Analysis
- Nice order flow on the 1hr chart
- 2 MSS in a row confirming the shift in market
- 1hr FVG mitigated
- 4hrs Breaker Line
- 50% Fibonacci line
Idea
Expecting price to possibly continue it's bearish momentum into the 1.02088 discount area where the 50% Fibonacci line and 4hrs Breaker line are located.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the beginning of this week, Monday, November 21st, 2022.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
Analysis
- Nice order flow on the 1hr chart
- 2 MSS in a row confirming the shift in market
- 1hr FVG mitigated
- 4hrs Breaker Line
- 50% Fibonacci line
Idea
Expecting price to possibly continue it's bearish momentum into the 1.02088 discount area where the 50% Fibonacci line and 4hrs Breaker line are located.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
