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Nwog

EURUSD H1 Bearish Retracement Setup Below NWOG Resistance📝 Description On OANDA:EURUSD H1, price is reacting from a premium resistance cluster near the NWOG + H1 FVG zone. The current structure suggests a temporary bearish retracement after failing to sustain bullish continuation above intraday highs. Sellers are beginning to defend the premium area, increasing the probability of a downside move toward lower imbalances. ________________________________________ 📉 Signal / Analysis Primary Bias: Bearish Preferred Setup: • Entry: 1.17673 • Stop Loss: 1.17850 • TP1: 1.17501 • TP2: 1.17387 • TP3: 1.17240 ________________________________________ 🧠 ICT & SMC Notes • Price tapped into a premium NWOG resistance zone • H1 Fair Value Gap acting as bearish reaction area • Internal sell-side liquidity rests below current structure • Bearish retracement likely before any higher timeframe continuation ________________________________________ 📌 Summary As long as EURUSD remains below the NWOG resistance region around 1.1775, short-term downside continuation toward 1.1724 remains favored. ________________________________________ 🌍 Fundamental Notes / Sentiment With the growing possibility of renewed conflict in the Middle East, markets are moving back toward safe-haven positioning. This shift is supporting USD strength, keeping EURUSD biased to the downside as geopolitical risks remain elevated. ________________________________________ ⚠️ Risk Disclosure Trading involves substantial risk and may result in capital loss. This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management, predefined stop-loss levels, and disciplined position sizing aligned with your trading plan.
Short
by TFlab
11/28/23 SPX Daily Outlook11/28/23 SPX Daily Outlook #SPX #DailyOutlook: We made the low of the day during the over night sessions. There was a NWOG that was left on Sunday and this is where price has been reacting during the NY open session. The PM sessions fell down into the 4H+FVG(H), TDO and D+OB(H) then pushed into the NWOG. There was also a bounce in the London/ Pre Market Session off of the D+OB(H) again. On the open the price rejected the PG but then held the D+OB(H) again and ranging through the NY open until the close. This will be our biggest news release, however, we do have a few #FOMC speakers but not Powell. We also have Richmond Manufacturing Index numbers #RMI and the S&P/CS Composite-20 HPI y/y at 9:00am. 10:00am USD CB #ConsumerConfidence 101.0 102.6 #BullishCase: The bullish case will be our response to the NWOG (New Week Open Gap) which we have reacted off of and sold off from but, at the current price we are sitting near the low again. We could use the PG to push through and buy from and the aim will be the PDH/PWHs. Look for an impulse through and a return to it. #BearishCase: The PDL from Monday is our POI for the sell setup. We need to watch the LTFs for an impulse through the low and on the LTFs once we trade through the low wait for a fresh -POI for a LTF setup. 1H chart 4H chart D Chart
BLACKBULL:SPX500
by iamCoryjp
ES | Oct. 23, 2023 - Weekly FVG, NWOG, and BreakerUsing the 15m bellwether chart for ES, we observe price opening higher creating a nice new week opening gap (NWOG). At the 9:30am open, a Judas swing takes out London sell-side liquidity before rallying to take out the 8:00am swing high, closing above the high forming a bullish breaker. Price continues to climb into the NWOG and retraces back down into the breaker and into the fair value gap (FVG) providing a clean entry for the ICT 10 - 11am Silver Bullet. Price continues to run higher, trading above the NWOG and showing support as it ultimately trades into the consequent encroachment (CE) of the weekly FVG. Throughout the NY PM session, price fell back through the NWOG, touching the breaker one last time before closing and consolidating at the NWOG's CE.
CME_MINI:ESZ2023
by tristanlee85
Event Horizon as per ICT Quote by @I_Am_The_ICT via Twitter “An ICT Event Horizon PD Array - Halfway between a NWOG and the closest NWOG is my Event Horizon. It will not allow price to escape the draw to the NWOG & it will create a surge towards the NWOG it got too "close" to but yet reached.” Noted New Week Opening Gaps (NWOG) using cryptonnnite’s script (Keyword search “weekly” in indicators). This is very useful in annotating the High Low and CE of previous New Week Opening Gaps. Measured the distance using TVs Fib tool and including quad levels
CME_MINI:ES1!
by ThisIsJA