Euro / U.S. Dollar
Long

EURUSD potential Forecast | Wednesday 23rd November 2022

545
Hi there guys,

I mainly use ICT + Smart Money Concepts for my trading.

Here's a trade idea for Wednesday, November 23rd 2022.

Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift

Analysis
- Nice order flow on the h4 chart
- 4hrs FVG mitigated


Idea
Since price reflected off the H4 FVG strongly pushing price back to the upside, I am expecting price to possibly head towards the H4 FVG at 1.03377, before I look for a potential short scalp.

For entries, always use confirmations on the smaller timeframes! Stay safe trading!

Feel free to follow me, comment + boost this post if you guys enjoyed this!

Regards,
Chen Yongjin

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.