Crypto Week 47 AnalysisIt seems like that all Major 3 Crypto Coins are in Premium.
All of them are above True Week Open, True Month Open and True Year Open except for BINANCE:ETHUSDT.P Which is below True Year Open.
We are using a gap from previous Year Q4 that merge with a weekly gap. and we have a PSP in a weekly graph right about it.
Near True Year Open BINANCE:ETHUSDT.P there is a Gap from previous Monday in 3h graph.
I think I would like to see BINANCE:ETHUSDT.P getting into the 3h gap and targeting the True Year Open.
Current target in BINANCE:ETHUSDT.P is True year Open
After touching it I'll be bearish since the price is in a major Premium.
Ict
GOLD Weekly Outlook Nov. 24, 2024Gold has aggressively bought up into now a premium level to finally begin to send price lower. Staying with my initial bias, that we have indeed capped the high of the year for Gold given the fact that it has bought aggressively the entire year and must now form the closing wick for 2024 trading year.
For the upcoming week I'm anticipating rejections out of the imbalances currently above price and the daily order block currently above price. I would love to see Monday range and either Tuesday or Wednesday manipulate that range. Looking at the Economic Calendar I see that the first significant High Impact news event occurs on Wednesday (Unemployment Claims 8:30am, and FOMC Minutes 2:00pm). so I would like to see that day either manipulate or be a continuation day from a Tuesday manipulation. If you have any questions regarding this analysis or outlook, feel free to send me a message here or on my other socials. Thanks.
Weekly Forex Forecast Nov. 25-28th: USD INDEX Is Still Bullish!November 25 -28th
The DXY is still showing strength, but can pull back at any time. After breaching a Swing High, a pullback is naturally expected. But until it gives a bearish BOS, I am still buying the USD.
Don't be too quick to start selling!
Check the comments section below for updates regarding this analysis throughout the week.
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Trading EURUSD | Judas Swing Strategy 19/11/2024The Judas Swing strategy experienced a downturn for the first time in several weeks. After consistently delivering good returns, its streak ended last week. It was a slow week, yielding just one trade despite checking four currency pairs for potential trading setups. Unfortunately, the trade on EURUSD ended with a loss. So this week we wanted to see if things will turn around taking us into winning ways again with the strategy.
On Tuesday, we observed a setup on EURUSD that piqued our interest. There was a sweep of liquidity at the zone's high at 1.05964, which shifted our focus to looking for selling opportunities during this trading session. Shortly after, a break of structure to the sell side occurred, indicating the need to wait for a retrace into the created FVG for an entry point.
Our entry price was at 1.05894
SL: 1.05944
TP: 1.05694
Shortly after initiating the trade, we experienced a drawdown of approximately 6 pips. However, having set our stop loss (SL) at 10 pips, the trade had sufficient room to fluctuate. This underscores the crucial lesson of avoiding overly tight stop losses. To understand this better, one should dedicate time to backtesting, which assists in determining the optimal invalidation point for one's trading strategy.
After 50 minutes in this trade, our patience was rewarded with a 2% gain on our trading account, from a trade where we risked only 1%
Trading USDCAD and AUDUSD | Silver Bullet Strategy 18/11/2024The Silver Bullet strategy, introduced by the Inner Circle Trader (ICT), aims to exploit certain market conditions within specific time frames. It involves strategically placing entries at the initial fair value gap that emerges within these periods. Yesterday, we executed trades using this strategy and we plan to show you how to incorporate this strategy into your trading toolkit.
Firstly, it's crucial to understand what a Fair Value Gap (FVG) is and recognize the optimal time to look for these trades, which is between 10:00 and 11:00 EST. In order to get into the groove of trading we got to our trading desk at 09:55 and with the help of the sessions indicator we have the our trading zones mapped out for us. It should be noted that the initial candle marking the start of a trading session cannot constitute the Fair Value Gap (FVG), but it can serve as the first candle in the formation of an FVG.
The trading session began, and we were scouting for setups to trade using the silver bullet strategy. After 15 minutes, we noticed a Fair Value Gap (FVG) had formed on the USDCAD pair, which drew our attention to it.
This development indicates that we should be on the lookout for potential selling opportunities this trading session. We must wait for price to retrace back to the FVG and only execute a trade after the candle that enters the FVG has closed. This approach helps us avoid trades that enter the FVG and immediately hit our stop-loss. After 10-minutes we got a retracement into the Fair Value Gap (FVG), and given that price did not surpass the high of the first candle in the FVG formation, we can enter this trade. A 10 pip stop loss will be set to provide sufficient room for the trade to develop.
After initiating the trade, our USDCAD position experienced minimal drawdown, and by 10:35, it was progressing favorably in our desired direction. Simultaneously, we were evaluating potential setups on other currency pairs and observed the formation of a Fair Value Gap (FVG) on AUDUSD.
The next candle retraced into the Fair Value Gap (FVG) created on the AUDUSD pair, indicating that upon its close, we could execute a trade on this pair.
The USDCAD position swiftly hit the take profit (TP) target. Within just 25 minutes, we completed this trade and shifted our focus to the other open position, AUDUSD. The AUDUSD position was also moving favorably in the direction we anticipated.
After a period of waiting, we checked the position and found that it had reached the Take Profit (TP) after two hours. We succeeded in both trades we entered yesterday, risking 1% on each and aiming for a total gain of 4%. As observed, both trades experienced minimal drawdown, but this does not guarantee similar entries in the future. It is advisable to backtest this strategy and collect sufficient data to reinforce your confidence should you choose to trade using this strategy.
GOLD: Local Correction Ahead! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,623.085$
Wish you good luck in trading to you all!
EURUSD: Strong Bearish Bias! Sell!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 1.05523
Wish you good luck in trading to you all!
SILVER: Move Up Expected! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.54737$
Wish you good luck in trading to you all!
DXY: Local Correction Ahead! Sell!
Welcome to our daily DXY prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 106.605
Wish you good luck in trading to you all!
SILVER: Strong Bearish Bias! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.58523$
Wish you good luck in trading to you all!
GOLD: Market Is Looking Up! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,606.387$
Wish you good luck in trading to you all!
EURUSD: Move Up Expected! Buy!
Welcome to our daily EURUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 1.05577
Wish you good luck in trading to you all!
ETHUSD: Local Correction Ahead! Buy!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 3,170.7
Wish you good luck in trading to you all!
BTCUSD: Strong Bearish Bias! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 90,548.12
Wish you good luck in trading to you all!
Bitcoin Long Prediction: ICT Market Maker Model Points to $145KUsing the ICT Market Maker Model, Bitcoin appears to be progressing through its third phase—expansion—after respecting the consolidation phase. The chart clearly marks three distinct zones:
-Red: Key reversal zones where price reacts sharply, potentially indicating trend changes.
-Light Green: Consolidation zones, where the price accumulates before a breakout or breakdown.
-Purple: Expansion zones, showcasing the directional move away from the consolidation phase.
Currently, Bitcoin has moved into the expansion phase and is showing bullish momentum. If this model continues to play out, the next key target lies around the $145,000 level, aligning with the expansion phase projection and targeting all-time high buy-side liquidity levels.
Always validate with high-timeframe confluences and ensure proper risk management while trading.
BTCUSD: Market Is Looking Up! Buy!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 92,747.25
Wish you good luck in trading to you all!