Im looking at a long position on the GBPUSD 4hr Time Frame. The GBPUSD failed to make a lower low indicating a change in momentum, I can see this by the wick that was created at around 13:00 on November 12 which can be seen on the chart. Followed by the rejection, a new higher high was created indicating a move to the upside. We have already seen a nice rejection...
I'm looking at a short on the USDCAD Daily Timeframe. It's Currently at a previous Flipzone resistance area. I used ICT's Fibonacci optimal Trade entry to determine this area. Im seeing rejection with wicks and the pairs momentum is slowing down and failing to create a higher high. I will look for more confirmation on the 1Hr timeframe by seeing a lower low being...
Looking at a bearish movement on the 4Hr timeframe. Price will hopefully move into my resistance area which I created using the ICT Optimal Trade Entry.