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...
Using ICT Concpets, it’s led me to believe EU has a potential rally down, it took out a double top, an area of Liquidity where Smart Money can sell, its retested a breaker used to mitigate orders, so now overall bias is to short EU to the double bottom, another HTF level of Liquidity, maybe EU will reach for the range Low
It aligns with my bearish block and it's a good entry imo. I don't know if it gets there but if it does I'll be shorting. I also outlined a possible hidden bear div. Let's see if it plays out or not.
I am aware I used lots of indicators and drawing tools but it's just me trying and learning. Always DYOR and DYOTA :) Cheers.
