US100 Outlook ICT Concepts
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several key levels:
Previous Week High (PWH)
Previous Week Low (PWL)
Previous Month High (PMH)
Previous Day Low (PDL)
Fair Value Gap (FVG)
Buy Side Liquidity (BSL)
📈 Current Price Action
The price has recently broken above the Previous Week High (PWH) and the Previous Month High (PMH). It has also taken out the Buy Side Liquidity (BSL), indicating that significant buy orders have been filled, which may lead to a reversal or retracement.
🔻 Potential Short Scenario
Given that the price is currently in a premium zone after taking out the BSL, a retracement lower is likely. Key levels to watch for a potential short scenario include:
PDL (Previous Day Low): The price could retrace towards this level, which may act as support.
PWL (Previous Week Low): This level is also significant and could act as a target for the retracement.
FVG: The Fair Value Gap below the current price may attract the price to fill this gap, leading to a further move down.
📉 Long Scenario Considerations
For a long scenario, we need the price to react positively at key support levels. Confirmation for long positions can be found by observing the lower time frames (LTF) for:
Low Resistance SSL: Watching for lower resistance sell-side liquidity being taken in lower time frames can indicate a possible shift towards bullish momentum.
🔎 Lower Time Frame Confirmation
SSL (Sell Side Liquidity): In lower time frames, observing the price action around these SSL levels can provide clues for potential long entries. If the price takes out these SSL levels and reclaims them, it can indicate a buying opportunity targeting higher levels such as the previous highs or the FVG above.
📊 Chart Analysis Summary
Current Price at Premium Zone: After taking out BSL and PMH, a retracement is expected.
Key Levels Above Price: The price is currently above PWH and PMH, indicating it is in a premium zone.
Key Levels Below Price: PDL, PWL, and FVG are potential targets for a retracement.
FVG: This gap below the current price is an area of interest for a potential retracement.
By considering these key levels and market behaviors, traders can better prepare for potential scenarios, whether the market continues higher or retraces to lower levels.
🙏 Thank you for joining us!
Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several key levels:
Previous Week High (PWH)
Previous Week Low (PWL)
Previous Month High (PMH)
Previous Day Low (PDL)
Fair Value Gap (FVG)
Buy Side Liquidity (BSL)
📈 Current Price Action
The price has recently broken above the Previous Week High (PWH) and the Previous Month High (PMH). It has also taken out the Buy Side Liquidity (BSL), indicating that significant buy orders have been filled, which may lead to a reversal or retracement.
🔻 Potential Short Scenario
Given that the price is currently in a premium zone after taking out the BSL, a retracement lower is likely. Key levels to watch for a potential short scenario include:
PDL (Previous Day Low): The price could retrace towards this level, which may act as support.
PWL (Previous Week Low): This level is also significant and could act as a target for the retracement.
FVG: The Fair Value Gap below the current price may attract the price to fill this gap, leading to a further move down.
📉 Long Scenario Considerations
For a long scenario, we need the price to react positively at key support levels. Confirmation for long positions can be found by observing the lower time frames (LTF) for:
Low Resistance SSL: Watching for lower resistance sell-side liquidity being taken in lower time frames can indicate a possible shift towards bullish momentum.
🔎 Lower Time Frame Confirmation
SSL (Sell Side Liquidity): In lower time frames, observing the price action around these SSL levels can provide clues for potential long entries. If the price takes out these SSL levels and reclaims them, it can indicate a buying opportunity targeting higher levels such as the previous highs or the FVG above.
📊 Chart Analysis Summary
Current Price at Premium Zone: After taking out BSL and PMH, a retracement is expected.
Key Levels Above Price: The price is currently above PWH and PMH, indicating it is in a premium zone.
Key Levels Below Price: PDL, PWL, and FVG are potential targets for a retracement.
FVG: This gap below the current price is an area of interest for a potential retracement.
By considering these key levels and market behaviors, traders can better prepare for potential scenarios, whether the market continues higher or retraces to lower levels.
🙏 Thank you for joining us!
Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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Disclaimer
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