With thanks to ICT Michael J Huddleston, TraderSZ and Midge Drangonflyfx.
Here you can see the inner workings of trading a reversal.
The strategy can be summarised in this way:
High Time Frame Order Block.
Daily Highs and Lows.
A Breaker will be used to sweep daily High.
Price will come back to /HTF and Breaker Order Block and retest.
The market will often ...
Looking to get short here on EURNZD for a swing trade. Will have tight stops just above the last LTF high. Target is huge so big risk/reward on this one
On the left I have an example of what I am looking for in this USDCAD. There is a major untested order block just under the recent lows. I am hoping the lows will get spiked into the order block before we have a nice rally up. Good risk to reward on this one
We haven't reached the low of the range after moving out of the Higher Timeframe (HTF) Equilibrium.
Earlier I (over)analyzed the situation and thought it would recapitalize lower because it got down so sharply and so close to the low of the range. Now that we've moved out and had a Lower Timeframe move back to the equilibrium, this next move down has a high ...
Sorry been a bit busy lately. Have been in this short, didn't take the time to pin the idea here. I wanted to magnify the measured move concept here (after the fact yeah I know). But really it's because it helps find a point out of your trades or (if you don't want out) at least help identify where we are in the larger perspectives.
For those still short, I would ...
AUDUSD has shown a willingness to go lower. We are eyeing the breaker candle to go short after a retracement up. We are looking to take profit at the +OB below equal lows. #ICT
My notes on the ICT Breaker concept.
The Breaker The open float usually gets knocked out by the Smart Money.
When that happens, the move up to trigger stoplosses is called the breaker:
Bearish breakers are runs lower
Clearing out the previous low
Transforming in a bullish market
The bottomlevel orderblock will not be reached by the retracement down
Instead the ...
Okay let's have a look at what we can see happening. EURGBP stabbed into the bearish orderblock as shown in the chart on the 7th & 8th month. The 9th month (right now) is the logical reaction of the move away from the bearish orderblock.
- The formation of the bearish orderblock happened above 0.835, meaning this will likely be absolute max for the wicks/shadows ...
As mentioned on the callout, we're likely to see a run up into the old high and beyond to take them out. Or it'll not take it out and just keep pushing down. This is a followup of the earlier NZDUSD idea mentioned below under related ideas. Good luck!
