Ictbreaker
GBPUSD Bullish BreakerPrevious lows have been swept
Price has reversed and pushed back up
Order set at 1.2283
Stop 1.2255
TP 1.23800
Clean set up
Institutional swing pointsInstitutional swing points can be found on every chart if you are doing the right analysis you will see them.
This is a sell example meaning for buys you do the opposite.
NZDUSD - Is Turtle Soup on the menu this week?As it is Tuesday... perhaps the weekly low has already been established?? Consulting with the weekly ATR perhaps a decent an anticipation. Turtle Soup appears to be on the menu this week. We'll See. Let's play.
Long around here. TPs and SL on the chart. Seems like a bullish breaker testing support. Invalidation right below that block. We're trading against the trend so be careful :) Not an investment advice ofc. DYOR.
Bullish breaker. Scalp short than long.4H bullish breaker. I expect a retrace to 545. I'll be longing there if btc does not fuck my setup by dumping :) Cheers.
DOCK/BTC in the optimal BUY zoneWe're inside a 4H breaker currently, retesting it as support again, and also a nice fib retracement zone.
If we bounce from here that would also be a higher low and a good bullish sign for further expansion upwards.
If you look below you can see that we bounced from an important daily pivot level too.
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Colors I use for a more organized chart:
15 min - Cyan
1H - Gray
4H - Red
Daily - Green
Weekly - Orange
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Some terms I used:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
GBPAUD Daily view, STRATEGIC retrace into LONG setupBig picture first:
As you can see, we have a big void to the left which hasn't been filled yet, and the point where it would get filled conveniently falls exactly on .705 retrace from top to bottom. On the macro scale, I think it would have to get to that point before it continues its major downtrend.
The red levels are weekly horizontal levels that I think are important and reactive.
Now, looking at the daily time frame, we poked above the top red level and came back. If you look back at the weekly chart, you'll notice that there were several cases where we first poked one of the levels, came back deeply, and then finally broke out for real. This may be one of those cases.
What I'm seeing as a really probable setup right now is a long from the daily .705 retrace level . Not only that, but we also have a daily breaker , another red(weekly) horizontal level and a small void that hasn't yet been filled . That's 4 factors of confluence that I can't ignore for a setup.
Let's see how it unfolds.
Some terms I used:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
-Void - a fast move in the market in one direction, usually in just a few candles and without any proper retracements during the move. Most of the time after the move is done the price will eventually come back to "fill the void". Also called an "inefficient move".
A 100 pip short based on a support-to-resistance flipFirst of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him.
I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them.
I'd love to see you try to find more examples. Feel free to post them in the comments and we can discuss them!
Things to look for:
- Same concept applies for longs, but inverse.
- The candle block you're using must precede a move that takes out a previous swing point (low or high).
- If the price does retrace to that block as you expect, but starts consolidating and pushes back into it repeatedly, it could be a sign that it wants to move back through it. The market is sometimes tricky like that.
Also, here's a bonus confluence factor - if you pull the fib retrace tool from the top to the bottom of the move, you can see that our block falls right between .62 and .79 fib levels. This is another good indicator to confirm your bias.
