BTC LONG TRADE SETUP - ICCBTC has been creating higher lows, there is a lot of resistance where I marked with the two black lines, 84.6k and 87k, after it confirms above them my target is 94.5k
*HB4L means High before the Low
Iccconcepts
SPX500 Long Trade Setup Entry BreakdownThis is the last setup that I posted, I wanted to show what it looks like zoomed in the 15m. Price approached the level of reaction during NY session, made a high and a low, if it breaks higher we buy, in this case we bought when buyers broke the range, that's the confirmation. Because we always buy when price breaks highs and sell when price breaks lows. Stoploss placed under the low and targeted the highs from the previous setup. ICC, we simply follow what price tells us it wants to do.
SPX500 ICC Long Trade SetupPrice dropped from 6070 creating the bottom (L).
Before that bottom, price made that push upside (H).
After (L) price broke above (H), giving us an indication.
We knew that every time price broke back above (H) buyers were ready to buy.
First entry was valid, it was on session and zooming in the 15m buyers were strong and price was creating higher lows.
Although price didn't hit TP, stopped us and continued down to grab the liquidity sitting below the last low (L).
Then again, higher supports, zoom into 15m around the level of reaction to find highs breaking highs.
Back in session, price broke above the level so we re-entered buys, same trade as before, same SL and TP.
Some we lose some we win, what's important is sticking to the plan and managing risk!
NAS100 ICC Long Trade SetupNas is showing strong buyers presence by breaking recent highs, I'd enter buys if Nas breaks above the next high giving us indication to push higher.
BTC long trade updateAs ICC told us, price was going to push
up to the highest high once it broke the resistance, the target was hit but we got stopped right before the move up, what matters is to follow the setup, we don't always win, what's important is to understand and being able to read the chart in front of us, have a strict risk management and execute the trade accordingly.
