Once price creates a new low that extends past the 0% fib extension, you would expect it the have a mirror of price reach, not necessarily price action. The original trade set forth was the new high as being the bottom and the beginning of the explosion being the full length of the trade. I has reached that and has barely made any moves under it. It was a very...
The only thing I am worried about with this call is that it could hit that Buy-side breaker and not reach my entry. But I've mapped out all key levels. and I believe this is what is possible. The previous fib it reached between the 70 .5% level and 79% level before breaking a new high. (Previous fib chart) Should it retrace from the current high, or the projected...
As a student of ICT, retail theory is not our thing. What I see that creates the current All time high is a liquidity run. It dips, creating a breaker, comes back up but doesn't get higher than the All time high. This is a signal for price to drop below a previous low. Which low is that? Depends on where the strongest breaker/order block is. Anyway, I was looking...
As a student of ICT, you're taught to draw your fibs at specific points. Like the low of the last explosive move that broke a high is where you would place the bottom. And of course the obvious top. Fib has been drawn. There's usually a sweet spot of the 70.5% that it likes to narrowly cross for a great entry. It just so happens that there is a breaker in the 5...
I redrew the fib to include the explosive move that would be the bottom of the fib to be the final little resting place before it broke the daily highs. This time the 70.5% retracement level is on target with a bullish order block. This scenario seems a bit safer than my first call. But either (or both) are highly likely in my eyes. The rest of the analysis...
If you study any of ICT's work you can see why this would be called. I just hope it's the correct one. Buy-side bias with highs to attack. A large gap to fall back to for the buy at a break / order block. And the price action should do the rest of the work.
The picture is pretty self descriptive. The next daily bias seems to be heading toward the direction of selling. There are many daily lows stacked up ready to be broken as well as an equal low setup just prior to the previous daily lows. I think during the Asian session we'll see Cable range but create equal highs and lows that it will want to break to creating a...
Don't you hate it when you set a sell limit at a high that's close to equal to another one? Well that's because there's liquidity there and the banks want to take you money so it will run through your sell limit. That's why I'm waiting for the pull back to the unmitigated order block in the 15 minute time frame chart, which happens to be sitting around the 61.8%...
Kinda Self-explanatory. Price hit a major breaker. The goal is for the take profit to beat the current low and the stop loss to be just above the current swing high. Plus it just changed sentiment and when measured with a fib, it's already bounced off some key levels. Maybe expect it to get a little higher at the cluster of breakers but there is where I would...
I could be completely off as I haven't seen a break in Market Structure as I'm trying to catch it before it happens, not with just this pair but EURUSD AND GBPUSD. I think If AUDUSD does break it before any others than we have a high probability of the rest of them breaking structure. I'm seeing a lot of equal highs and lows and breakers in price action. Which...
As price rapidly drop at the end of the day I could easily spot the next movement price action would return to before going lower. Trade against it to the point if you wish or trade with it and add another position if you're still in my long swing trade with me. Entry will likely be around 1.18198 (allow room for broker) and it will trade back to the low it just...
Same as I had earlier this morning. The Asian session solidified my thoughts. Having two positions just in case it retraces deeper than first thought. See related chart for this mornings idea on the pair. Also sometimes you need to break down to the 5 MIN and 1 MIN chart for specific price action movements for these determinations but still using the daily chart...
I have two depictions as to what could happen and one may have already happened but I don't think so. It has barely touched the 15 minute order block for it to be selling already and there's too much movement in the 5 min chart that Il'll show here. There are two 5 min order blocks that price could reach before returning lower. The first around 1.8305 and the...
Here we see a price cap off close to 12500! It dropped as I believe was a correction to the market bullishness. The yellow zone is where the resistance is on the daily time frame and it matches up nicely with the Fib levels I'm confident in taking trades in. Price had also shoot through 11500 and looks to be retesting it! Grey box is were I woud look for longs.
Last USDJYP setup I posted was stopped out however I used a lower price leg and it matches up with the 79% on the fib
Here we see gold coming in range for a sell. The boxed zone is where I would personally take a sell. Price has broke 1920 but falls short to break 1950 Last time price was above 1950 was Septemeber 21st! Don't see gold making large moves to untested highs until after the election possibly.