The first block highlighted was a daily block which brought price to a sell block which price is now retesting back to our trend block on the 8 hour. See parameters to take trade if you'd like. SL placed below the lows.
CUrrently in a buy or a buy limit can be placed. Price hit a significant support, block previously defined. TPs are at critical levels to next block.
12 hour buy limit block on GBPCAD. I see it coming to 1.66500 area, 1.66000 defines a significant daily support and resistance. Then price will head up to around 1.71800.
Price reached 0.86000 whole institutional level which surprisingly matched the level of imbalance. Expecting a pullback upwards at least to 0.89000 imbalance and the middle of institutional candle. We missed an aggresive limit order entry, but lets find some entries on lower time frames. GOOD LUCK. Potential 250pips
Buying the pullack till imbalance and also a 71% fib level. We buy up the pullback, and then sell down from 71% fib downwards to the sellside liquidity pool
Possible idea on euro/swissy, expecting a retracement to the middle point of liquidity capturing candle 1.10300, possible strong reaction downwards towards sellside liquidity pool
Expecting an impulsive reaction downwards from 0.90500 level. 71% OTE(optimal trade enrty) fib level agrees with the imbalance zone and the strong level of 0.90500. High probability trade, minimal risk, tight stop loss just above 0.90675 covering the top of liquidity capturing candle 4H chart September 19 04:00 o'clock (UTC+3).
An intresting range between 1.62000 to 1.63700 has formed on EUR/AUD 1H chart. Buyside and sellside liquidity pools have been created(equal lows, equal highs). Sellers have already been taken out, now its buyers turn :) I identified a set-up, now we wait for a retracement to 62%-71% fib level, half of the order(sell limit) rests on 62% fib/the middle point of that...
Conservatively well below the weekly ATR possibility, but seeing the impulsive run below the Asian consolidation seems to be a long set up. We'll see
Weekly ATR met and a clever raid on the BUY Stop Farm that was nicely 'cultivated' and harvested. Ripe for the picking it was.
This is what happens when you get into a rush and FEEEEL like you just need to take a trade. Boom! Bitten when you fail to apply yourself.
Just for fun based on my own pa views. Push for 50 or so risk 37
1. EURUSD on daily tested the bullish ob and price rallied. 2. Monthly and Weekly has show a BMS 3. There are old highs above and expecting price to clear those highs.
1. Still looking shorts for DXY as Daily Bearish OB has retest and made drop. 2. On H4 there are equal lows + void + gap, would like to see price clear those lows.
I am playing it like this. I might be a victim to some stop hunt but let's see. My indicators show some down movement. My final expectation is low 6Ks. Important levels are on the chart. Not a financial advice ofc :) Always dyor, cheers.
Lots of people suddenly wanna BUY HIGH due to FOMO, But the motto is to Buy Low and Sell High, Price had retested a Weekly OrderBlock above that caused It to reverse and drop on Sunday, and now it continues down due to liquidity, so the motto is to simply Sell High Entry was from the 30 min OrderBlock for LTF Entry
I feel like a lot more retail traders need to get on board with ICTs concepts. One of the main reasons a lot of retail traders lose money is because they don’t Understand how the Market works so they are technically trading blindly. Market Makers Are the ones that move the market to create liquidity as without it, orders won’t be filled, and this is why a lot of...