GBPUSD: Continuation of Momentary Bullish Order-Flow!Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD is showing bullish momentum, particularly on the smaller timeframes. This is due to the inefficiency (liquidity void) present before the H4 bearish order block. The market strives for efficiency, and thus returns to fill these inefficiencies over time. I anticipate a continuation towards the H4 bearish order block.
Key Observations:
Confluence Factors: The H4 mitigation block is aligned with the H1 bullish order block, creating a strong institutional support zone. This alignment supports a risked entry towards the upside.
Risked & Confirmation Entry Strategy: I will take a risked entry on the H1 order block, However if the price takes out the H1 sell stops, I will consider a confirmation entry towards the upside.
Target Levels:
Engineered Trendline Liquidity: The price has created trendline liquidity, which we expect the market to absorb.
H4 Bearish Order Block: The main target is the H4 bearish order block, a strong draw due to the liquidity void present before it.
Trading Strategy:
Institutional Support Zone: Entering at the institutional support zone provided by the H4 mitigation block and H1 bullish order block alignment offers a strategic buying opportunity.
Upside Targets: The primary targets are the engineered trendline liquidity and the H4 bearish order block. These targets are in line with the bullish draw on liquidity.
Conclusion:
By understanding the momentary bullish institutional order flow and leveraging key support and resistance levels, we can anticipate and execute trades on GBPUSD effectively. The confluence of the H4 mitigation block and H1 bullish order block provides a robust support zone, guiding our strategy towards profitable buying opportunities.
For a comprehensive understanding of why I have been looking for a bullish draw this week on GBPUSD, please follow this link to a detailed post.
Happy Trading,
The_Architect
Ict
Trading AUDUSD | Judas Swing Strategy 17/06/2024 Following a successful trading week, we approached our trading desks in high spirits, eagerly anticipating the start of the trading session. While our week included trading FX:EURUSD , FX:GBPUSD , OANDA:NZDUSD we’re showing this classic example using $AUDUSD. At 8:25 AM EST, we began the day by running through the essentials on our Judas Swing strategy checklist, which includes:
- Setting the timezone to New York time
- Confirming we're on the 5-minute timeframe
- Marking the trading period from 00:00 - 08:30
- Identifying the high and low of the zone
Now that our zones are demarcated, we anticipate a liquidity sweep on either side of the trading zone, as this will assist in establishing a bias for the trading session. Liquidity was taken at the lows after 5 minutes, signaling our focus would be on identifying potential buying opportunities.
To increase the likelihood of success of our trades, we wait for a break of structure (BOS) towards the buy side. Once the BOS occurs, we anticipate price to retrace to the initial Fair Value Gap (FVG) created during the formation of the leg that broke the structure.
We patiently waited for price to retrace into the created Fair Value Gap (FVG), and executed our trade upon the closing of the first candle that entered the FVG, as all the conditions on our checklist for trade execution were satisfied.
Ideally, our stop loss should be set at the low of 0.65854, but that would place our stop loss at approximately 6 pips, which is too tight for our strategy. Extensive backtesting has shown that tight stop losses are often triggered before price reverses and moves in our intended direction. Consequently, we have implemented a minimum stop loss of 10 pips for all our trades.
After executing the trade, we experienced a minor drawdown for approximately 25 minutes before price shifted in our favor. During the drawdown, we remained calm as we had only risked 1% of our trading account with the goal of achieving a 2% return.
Price was progressing well in our direction, and all that was required of us was patience for the Take Profit (TP) to be reached. We expected to be in this trade for roughly 8 hours and 6 minutes, so we stayed composed and had faith in our strategy.
After 3 hours and 50 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on AUDUSD, resulting in a 2% gain from a 1% risk on the trade.
Predictions overall spot onI shared a video on election day in India highlighting explosive bearish candles. My thesis was that this aggressive move down would only be for a day or two and we would see again strong bullish action. These markets are manipulated. As predicated it happened and the futures I have been watching again exploded to the upside.
Daily Market Watch: GOLD is BEARISH!The bearish bias going into this week was correct.
The market printed a bearish candle for the day, on the way to completing an IRL to ERL
movement.
I'm holding the same bias for tomorrow, as we near the first SSL target at the most recent swing low.
BOOST and subscribe if you like the analysis.
Thank you.
May profits be upon you.
Trade Like A Sniper - Episode 49 - GBPSGD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing GBPSGD, starting from the 3-Month chart.
If you want to learn more, check out my profile.
Trade Like A Sniper - Episode 48 - HKDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing HKDTWD, starting from the 3-Month chart.
If you want to learn more, check out my profile.
Trade Like A Sniper - Episode 47 - USDTWD - (18th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDTWD, starting from the 4-Month chart.
If you want to learn more, check out my profile.
Macro Monday 51 ~ The Philippines - The Trading Hub of AsiaMacro Monday 51
The Philippines – The Trading Hub of Asia
The Philippine economy is currently the fastest-growing economy in South East Asia with solid promising growth projections for the next several years. The World Bank's Global Economic Prospects report on East Asia and the Pacific showed that the Philippines and Cambodia will be the second highest growing economies in East Asia and the Pacific, next to Palau which is projected to grow by 12.4%.
10 Reasons to consider the Philippines for significant investment returns:
1. The GDP growth rate in the Philippines was 7.6% in 2022 and 5.6% in 2023. The International Monetary Fund (IMF) raised its GDP growth forecast for the Philippines to 6.2% for 2024, as reported in their latest World Economic Outlook. This forecast is within the government’s revised 6-7% growth target. This puts the Philippines up there with India, the Ivory Coast and Ireland in terms of their GDP growth rate, all of which are some of the fastest growing economies in the world.
2. The population of the Philippines is 119 million with 28% (33 million people) of the population between the ages of 10-24, giving the country a sustained future labour market edge. The current labour market holds its own with 55% of the population between the ages of 20 – 64 (64 million people). Similar to India, the labour force is young, capable and likely to be sustained.
3. The Philippines are semiconductor specialists. The largest export of the Philippines is semiconductors. Semiconductors make up a significant portion of the Philippines’ exports, accounting for approximately 31.9% of the total electronic products exports. Electronic product exports in turn represent nearly 63% of the country’s total exports.
4. Additional to the above electronic products, the Philippines are also major exporters of manufacturing machinery and equipment, making them similar to South Korea in this respect (covered a few weeks ago). Broadly Manufactured Goods contributed the largest to the country’s total exports in January 2024 amounting to $4.83 bln or a share of 81.4 %. The Philippines are major machine and tool manufacturers (think Caterpillar Inc), however electronic products and semi-conductors are their forte making up the majority of their exports.
5. The second largest export of the Philippines is coconut oil, which has shown a significant annual increase in export value. It is one of the top commodity groups after electronic products in terms of export earnings.
6. The Philippines have a broad customer base in terms of exports. Their largest trading partner was the U.S. with an export value amounting to $902.3 million or a share of 15.2% to the country’s total exports in January 2024. The remaining top five major export trading partners for this month with their export values and percent shares to the total exports were;
a. Japan - $869 million (14.6%);
b. Hong Kong - $761 million (12.8%);
c. People’s Republic of China - $625 million (10.5%)
d. Republic of Korea - $356 million (6.0%).
7. The Philippines has made remarkable progress in reducing poverty over the past three decades. According the World Bank the poverty rate has fallen by almost 80% between 1985 to 2024 and this is expected to continue. According to the World Bank the current poverty rate is 10.7% however, the official poverty rate methodology in the Philippines is different and indicates that 18.1% of people live below the national poverty line. Of the employed population, 2.2% earn less than $1.90 per day on purchasing power parity (PPP) as of 2022. Regardless based on the Philippines methodology a target of <9% in expected to be hit by 2028 - set by the leading President Ferdinand R. Marcos.
8. Major Foreign Investment Incentivisation. The Philippines adopts an open economy that allows 100% foreign ownership in most business sectors. Many government corporations are getting privatized and the major industries such as telecommunications, energy, banking, and shipping have been deregulated. This gives foreign investors more freedom to set up operations in the country. In 2023, the Philippines saw a 6.6% decrease in FDI net inflow, totalling $8.86 billion, which was slightly higher than the targets set. For 2024, there has been a reported increase in FDI net inflows, with a 23.1% rise in March compared to the same month in 2023. The net inflow for March 2024 was $686 million.
9. Strategic Location. For investors aiming to tap into the ASEAN Free Trade area’s vast market of over 600 million consumers, or to engage with the key economies of East Asia, including China, Japan, and Korea, the Philippines offers an ideal strategic position. Additionally, the nation’s prime location at the nexus of numerous global maritime and air routes makes it an excellent hub for integrating into the worldwide supply chains of various enterprises. Think of it as the versatile and dynamic Suez Canal of Asian trade with reduced regulation.
10. Finally, there are a number of additional other factors make the Philippines ripe for investment and growth;
A. The Philippines boasts a high literacy rate of 94.6%, ranking third globally, with English widely used in education, media, business, and daily life, following Filipino (Tagalog) as the national language. This is similar to Ireland in Europe, which is also the only native English speaking country remaining in the EU since UK’s exit - Brexit. This gives these countries a trading edge.
B. The country’s growing economy is complemented by low business start-up costs, with labor and operational expenses significantly lower than in Western countries, leading to substantial cost savings for foreign companies establishing back offices and development centers.
C. One of the world’s largest archipelagos, the Philippines is rich in natural resources, ranking among the top gold and copper producers, with diverse marine and land species unique to its thousands of islands, alongside stunning tourist destinations.
Bonus Note on President Rodrigo Duterte:
It would be remiss of me to not mention the previous President Rodrigo Duterte who took a very harsh approach to resolving drug related crime in the Philippines. According to the Philippine Drug Enforcement Agency, during 216,138 anti-illegal drugs operations conducted between July 2016 and September 2021, 311,686 people were arrested and 6,201 were killed by the police Whilst controversial, this low tolerant approach resolved and remedied a major drug and crime issue that Philippines was burdened with. This has made the country as a whole more appealing for nationals and tourists.
Duterte also increased infrastructure spending to an average of 5 percent of the country’s overall GDP – this is twice the budget in the administrations that came before him.
As you can tell from all of the above, the Philippines is staged to enter into a monumental period of growth. The Philippine Stock Exchange also suggests that the stage is set, lets have a look.
The Philippine Stock Exchange - PSE:PSEI
The PSE Composite Index (PSEi) is composed of the 30 largest and most active common stocks listed at the PSE.
The Top 5 Companies in the PSE are as follows;
1. SM Investments Corporation: A conglomerate with operations in retail, property, and financial services. It is one of the largest companies in the Philippines by market capitalization. Market Cap of $17 bln.
2. SM Prime Holdings (SMPH): One of Southeast Asia’s largest integrated property developers, offering lifestyle cities with malls, residences, offices, hotels, and convention centers. Market Cap of $13 bln.
3. BDO Unibank: The largest bank in the Philippines by assets, loans, and deposits. It offers a full range of banking services and products to the retail and corporate markets. As of June 2024, BDO Unibank has a market cap of $12.11 billion.
4. Golden MV Holdings: A company that develops memorial parks and columbarium facilities in the Philippines. It also engages in real estate through its subsidiary Bria Homes, Inc. Market Cap of $12 bln.
5. International Container Terminal Services Inc. (ICTSI): A leading operator of container ports and terminals in the global trade and shipping industry. Market Cap of $11.7 bln.
We might look at a couple of these company charts later in this article and possibly more in coming days.
The PSEi Index chart I am about to share reminds me of the Brazil Emerging Market ETF Index AMEX:EWZ chart which we previously shared weeks ago. It also looks a little like the AMEX:URA chart and or U.S. Small Cap 3000.
All these charts are forming long term pennants and breaking to the upside. We are still pending a decisive move on the PSEi below.
▫️ You can observe a compressing pennant with a breakout very likely approaching. Given the positive strides being made in the Philippines I am leaning towards a bullish break out in the above, however this will likely be a measure and slow move.
▫️ If this chart moves in the right direction and gets above its 21 day moving average we can presume the market is moving in the right direction in the Philippines and thus seek out some companies to invest in, knowing that the wind is at our back.
▫️ Investing in the above would obviously leave you exposed to a currency risk in the Philippine Peso. So you need to keep an eye on that currency pair.
▫️ The above chart is not a prediction, however it does have a double bottom look about it and with that in mind, there is a back end potential for an up to 12% currency gain in a longer term trade for U.S. investors. It’s a very interesting background set up.
▫️ This means if you invest in Filipino stocks or companies, there is potential here that you might get additional %’s from the back end currency play.
▫️ Equally, if we lose the current low on the Peso, this would lead to losing potential gains, the currency risk in the trade. So you need to watch both charts if you enter a trade.
Very important to keep an eye on the Philippine Peso if you’re an international investor converting your local currency into Pesos in order to invest in companies in the Philippines, however at present the chart looks like it might be an advantageous back end play. No Guarantees.
Now lets look at a Philippine Stock that is large, liquid and heavily relied upon by multiple sectors in the Philippines and obviously we need a DAMN GOOD CHART.
International Container Terminal Services - SET:ICT
▫️ The chart speaks for itself and presents a good 6:1 risk: reward set up.
▫️ That 100 SMA can provide a nice structural support for anyone wanting to stay in the trade longer or at least have a level that if convincingly lost, you can cut your losses. Equally the 100 SMA would also be a great entry level.
▫️ The above SET:ICT chart reminds me so much of the Reysas LoJistik BIST:RYSAS chart which is a similar business in logistics and transportation but in Turkey. Please have a look below.
COMPARISON
Reysas Lojistic - BIST:RYSAS
▫️ I am sharing this chart as a reference to potential outcomes for ICT.
▫️ Very Similar Company Sector and Chart to the above ICT Chart in Philippines. Could we see similar continued advances in ICT?
There are a number of REALLY interesting chart set ups for the Top 5 companies in the Philippine Stock Exchange (we shared these tickers earlier). I will definitely add these in coming days and weeks as I see a lot of opportunity in the Philippine market place and the currency looks like it might be about to gain positive ground.
It appears the Philippines is undergoing an monumental economic renaissance with the economic and demographic landscape looking incredibly favourable for this versatile archipelago. This nation of Islands is presenting an incredible investment opportunity, so great in fact, I’ve started looking at property there. It has so much potential and appears to be on the cusp of a major bull trend. We can watch the PSE chart and wait for the break out.
All these charts are available on my TradingView Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the Philippine stock market has performed. I hope it’s helpful.
PUKA
EURUSD is ready for a new lowEUR/USD has regained buying interest and reclaimed the 1.0700 level due to renewed weakness in the US Dollar and expectations of Fed rate cuts. A continued downtrend could see EUR/USD revisit the June low of 1.0667, the May low of 1.0649, and eventually the 2024 bottom of 1.0601. On the upside, the 200-day SMA appears at 1.0788, followed by the weekly high of 1.0852, the June high of 1.0916, and the March peak of 1.0981. The US Dollar started the week weak after a strong rebound last week, driven by expectations that the Fed will implement only one rate cut this year. In this environment, EUR/USD reversed from multi-week lows near 1.0670 despite ongoing political concerns in Europe, especially in France. Market participants are assessing the Fed's hawkish stance from the June 12 meeting and rising expectations for a December rate cut. Neel Kashkari, Minneapolis Fed President, stated it is a "reasonable prediction" for the Fed to lower rates once this year, likely in December. According to the CME Group's FedWatch Tool, there is now nearly a 65% chance of a rate cut by the September 18 meeting. In the short term, the ECB's recent rate cut versus the Fed's hold has widened the policy gap, potentially weakening EUR/USD further. However, the emerging economic recovery in the Eurozone and perceived US economic slowdowns should help mitigate this disparity in the longer term, providing some support to the pair. ECB Chief Economist Philip Lane mentioned that the full impact of earlier rate hikes on Eurozone inflation is yet to be seen and that current bond market upheaval, particularly in France, is not chaotic, implying no need for ECB action. He emphasized the importance of a decline in service inflation momentum this year in supporting the ECB's disinflation narrative, with minimal new material expected before the July meeting. Lane is confident inflation will return to the 2% target next year despite some "noisy" inflation.
Trade Like A Sniper - Episode 46 - USDPLN - (17th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDPLN, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
Trade Like A Sniper - Episode 44 - EURNOK - (17th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURNOK, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
EUR/USD ShortContext:
• DXY has upwarts potential: Supports short in EUR/USD
• Monthly neutral
• Weekly neutral to bearish bias
• Daily one confirmed bearish swing, respected daily FVG and disrespected bullish FVGs. Broke through prev. day low and took out weekly demand. Closed below these lows
Ideas / Entry:
• Short in the 4h-FVG
→ Shown with black arrow
• Preferred: Short around 1.072 which is in the area of the broken lows with 1h Reversal setup
1) Blue arrows: Reversal with respecting lower 1h-FVG. Look for entry on LTF, for example 5min-15min
2) Orange arrows: Last resort and higher risk! Needs strong and confirmed reversal on preferred 15min.
Scenario invalidated:
• 4h Close above 4h FVG
• Break above 1.0745
• High caution if 4h close above broken lows around 1.072! Immediate reversal needed (confirm on LTF), otherwise cancel trade
Stop
• Above your entry signal or 1.0745 if traded on 4h
Take Profit(s)
• 1st at daily low around 1.067
• 2nd around 1.065
• 3rd around 1.06 (optimistic)
Please feel free to comment!
BTC - Top-down Analysis (ICT)Hello traders,
This is my observation and analysis for Bitcoin using ICT's Concepts.
So, recently we had price break it's all-time highs in March 2024. Since then, we have been chopping around in a consolidation. We may make new highs, or we may retrace deeper into a discount. I'm not here to guess, I will just show you what I see.
On the monthly timeframe, we can into a BISI and had a reaction, but we did not create a new high.
On the weekly we have the most clear price action. No gaps, but multiple bullish and bearish Breakers forming, which has price bouncing from a premium to discount in a consolidative manner. Currently in terms of taking a trade, I anticipate us moving up again next week into the bearish Breaker above us, then moving lower into the bullish Breaker below. After that, I would be awaiting more confirmation on the Daily chart, such as gaps being disrespected and gaps being created.
We are currently still high in a premium overall, but we could create a "Bull Flag" type of pattern. It is not something I trade, but what I mean it is completely possible we just consolidate in this tight range before displacing more to the upside. OR, we could go lower back into Equilibrium.
Either way, trade safe out there.
- R2F
R2F Weekly Analysis - 15th June 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
I feel like the Dollar Index is primed to move higher. It has so far been acting how I have anticipated, respecting institutional order flow.
Let's breakdown what has happening, and my thought process around it.
In May, price retraced after a consolidation, engineering equal highs. This bodes well for my bullish outlook.
Price bottomed it's retracement on the 7th June 2024. If you check the Dollar futures chart took out buyside liquidity and created an SMT divergence on the DXY chart. Because of this, I am more confident in price not coming down to take out the relative equal lows below.
Price expanded from there, and retraced into a weekly wick CE coupled with a daily bullish Orderblock, halting in its tracks and expanding higher again. The sudden drop and equally sudden recover adds additional confluence to my bullish outlook, not because of the "strength" but because of the manipulation of sentiment.
Now we are re-entering a previously used weekly SIBI for the potential of using it as an iFVG. We did not close the weekly conventionally higher than the actual iFVG, as I would usually like, but the bullishness of the previous week's candle leaves the idea open of us expanding higher in the coming week with little retracement below it's open, therefore creating a BISI that may or may not be used later.
As for targets, first is the previous month's high that is coupled with equal highs. The two other targets are a weekly swing high that goes way back, and a New Week Opening Gap which is deeper into the general liquidity void residing above.
If you enjoyed this analysis, leave a like or a comment.
If you want to learn how to analyze like this, check out my profile for more videos and information.
Happy Trading!
DXY - Long Trade Idea (ICT)Hi guys!
I feel like the Dollar Index is primed to move higher. It has so far been acting how I have anticipated, respecting institutional order flow.
Let's breakdown what has happening, and my thought process around it.
In May, price retraced after a consolidation, engineering equal highs. This bodes well for my bullish outlook.
Price bottomed it's retracement on the 7th June 2024. If you check the Dollar futures chart took out buyside liquidity and created an SMT divergence on the DXY chart. Because of this, I am more confident in price not coming down to take out the relative equal lows below.
Price expanded from there, and retraced into a weekly wick CE coupled with a daily bullish Orderblock, halting in its tracks and expanding higher again. The sudden drop and equally sudden recover adds additional confluence to my bullish outlook, not because of the "strength" but because of the manipulation of sentiment.
Now we are re-entering a previously used weekly SIBI for the potential of using it as an iFVG. We did not close the weekly conventionally higher than the actual iFVG, as I would usually like, but the bullishness of the previous week's candle leaves the idea open of us expanding higher in the coming week with little retracement below it's open, therefore creating a BISI that may or may not be used later.
As for targets, first is the previous month's high that is coupled with equal highs. The two other targets are a weekly swing high that goes way back, and a New Week Opening Gap which is deeper into the general liquidity void residing above.
If you enjoyed this analysis, leave a like or a comment.
If you want to learn how to analyze like this, check out my profile for more videos and information.
Happy Trading!
- R2F
DAX (GER 40).... BULLISH!Price has traded through the Swing High with a strong close above.
Now, price has pulled back into a +FVG.
The Daily +FVG is overlapped by the Weekly +FVG, a strong confluence.
The expectation is for price to continue higher to the next recent swing high.
May profits be upon you.
Trade Like A Sniper - Episode 44 - USDMXN - (14th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDMXN, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
Trade Like A Sniper - Episode 43 - USDSEK - (14th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDCOP, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
Trade Like A Sniper - Episode 42 - USDCOP - (14th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDCOP, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.