Fiber This week is going downside as i expect i want to get setup from one of this levels either on Tuesday weds day lets how Sunday open and Monday do nothing and how weekly template may fold through the week the heavy impact news on this week is on Tuesday & Weds day we expect manipulation acclamation and distribution have fun
HTF Confluence :
-Price bouncing from a Weekly Key level Resistance to trade lower.
-Daily Bearish Order Block
-But price still retrace and there's a possible reversal because price still bouncing in a Daily Resistance Level to trade higher.
-So this is not a high probability setup, so I rather trade scalp today. REDUCE YOUR LOT SIZE THIS IS NOT A HIGH PROB...
SELL LIMIT @ 0.92917
Stop Loss: 0.92998 (Add Spread)
TP 1 (1R): 0.92837 (20%, SL → BE, Scalp TP )
TP 2 (3R): 0.92677 (30%)
TP 3 (5R): 0.92516 (30%)
TP 4 (10R): 0.2115 (20%)
Explanation: Looking for price to test this resistance area in the late into this week or at the start of the 26th week. The rejection from the level might suggest we will get some...
Was anticipating a run on sell stops at current weekly low based on the weekly close above the last down bar's 50% (So often a retrace occurs).
Price DID come to my alert to take some profit, of which I was asleep. Closed trade before full stop out and went long.
Just a very quick video to give an example of an OTE based on my studies of the ICT concepts on this pair and other pairs.
I thought I would publish this idea not only to help others who may be studying the same thing but also to re affirm my own learning process.
Disclaimer: I did not take this trade, This is simply study of historical data, I am...
DXY looking all round Bearish. Highs were taken out by central banks and left imbalances the market needs to fill. Pay close attention to what the USD pairs moves, looking for set ups for the following week