here we go again another ICT OTE in the NY session.
I know the charts a bit messy so lets simplify.
1. Order block is in higher TF structure
2. we are working against a HTF trend (pushing up when the Daily and 4 hour bias is down)
3. We are at extensions of the Sunday range, (price is looking for that sell high discount)
4. price shows us it has the...
Just wanted to give another example, This one is one of the first that popped up while I sat down to back test today.
one of the reasons why this is such a strong example of how perfectly the OTE plays out is, the Sunday range is tested perfectly.
The Sunday range is set at the beginning of market open, Sundays open price is created, We move into...
EURUSD is trending to the downside today prior to the EUR Sextix Investor Confidence data which is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. Technically the pair has pulled back into structural resistance, and the trendline resistance lies just above. We anticipate downside into...
EUR/USD has made a retracement from recent lows prior to the USD Redbook Index data, which is a sales weighted index of over 9,000 stores. Technically the pair has made a retracement into structural resistance, and we have 3 bearish candles close on the 1h chart, a bearish confirmation pattern.
EURUSD is trending to the upside prior to the USD Redbook Index, which is a sales weighted growth index of over 9,000+ retail stores. Technically the pair has just broken a resistance trendline and we anticipate a continued push to the downside into the 1.1580.
EURUSD is in a widening wedge pattern prior to the EUR Industrial Production data this evening, which measures the the volume of production of Industries such as factories and manufacturing. Technically the pair bounced from support two days ago, and we've seen daily candles form higher highs, despite closing down. The bearish widening wedge pattern is typically a...
Looking at a buy position from here once the 30m candle closes above this level of support.
This is a tricky trade as we are trading against the range on the 4h time frame, however as it is only a 10pip scalp it is not too unreasonable to make this trade, especially as a higher wick would need to form for the next candle.
This is a risky one, I will only be...
EURUSD has rebounded from the resistance trendline prior to the EUR Unemployment Rate data, which shows the percentage of the workforce unable to find work. Technically the pair has rebounded from the resistance trendline and the Parabolic SAR is now indicating downside. We are looking for downside into the 1.1714 level.
EURUSD is trending to the upside today prior to the Jackson Hole Symposium, which is a forum for central bankers, policy experts and academics to come together to focus on a topic. Technically the pair is holding the support trendline, and we anticipate continued upside into the 1.1810 level.
We have broken bearish trendline awaiting a retest. so we are still short. reaction yesterday was expected as EURUSD and USDJPY were at significant support and resistance zones respectively. these pairs are highly correlated. check my analysis for EURUSD yesterday and you will see the expected reaction before market acted. today we expect the market to move...
EURUSD is trending to the downside prior to the USD CPI data, which measures the change in price across a representative basket of goods and services, and is used to monitor inflation. Technically the pair is below the resistance trendline, and has also broken below a key support level. We anticipate continued downside into the 1.1770 level.
EURGBP is trending to the downside prior to the GBP Retail sales data, which measures the total receipts for retail stores domestically. Technically the pair is below the moving average ribbon and has broken a key pivot level. We anticipate continued downside into the 0.8508 level.
Last week rejection candle is not enough to drive price up to the seller's level as EURUSD still touched the low at 1.18000 forming a bullish engulf. With a strong bullish candle, EURUSD is likely to rally to the seller's level at 1.19360 in coming days.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
EURGBP has traded into resistance prior to the ECB President Lagarde speech, which will provide insight into future monetary policy decisions for the European Central Bank. Technically the pair is at moving average and trendline resistance, and we anticipate downside today.
EURUSD seems to have complete making a weekly L-H, sellers keep coming up anytime the pair touches 1.22556 and have drag it to 1.21090. I would like to see more selling pressure next week. For now, Fibre looks ready to decline toward its ascending trendline.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades