Ictorderblock
AUDUSD "LONG" IDEA (SMC - ICT)On the following chart we have a possible movement of the price upwards.
- We swept internal liquidity (IRL) on HTF
- We made a Market Structure Shift (MSS) on 1H
- However we left some Imbalanced (IMB) area below which can possible mean we made an Inducement (IDM).
I might get into buy's right on Fibonacci Optimal Trade Entry (OTE) level with 1% of my balance.
If we go lower. Will wait for another Confirmation Entry (CE)
ICT Long setup on NZDCAD👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDCAs for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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EURUSD Swing ideaTaking into consideration that DXY index is bearish fundamentally and technically, And since EURUSD is heavily correlated with DXY inversely which means we are bullish on Euro.
Technically :
Euro was in correction for the last week or so, But this changed yesterday and extra confirmations landed today on the charts and fundamentally.
We touched the weekly FVG and changed the trend direction after that leaving FVG in the discount zone and it present an ideal area to go long targeting old highs at least.
Now expecting the price to correct toward the entry zone to take off again.
I will update here once we reach entry to look for more confirmations in lower time frames.
USDCAD Short and SouthThe USDCAD currency pair may weaken because the possibility of the Fed cutting interest rates in September looks promising, while on the other hand, the BOC seems to be reaching its inflation target close to 2%.
Market participants view the BOC as quite capable of controlling inflation. However, both currencies are quite sensitive to crude oil prices.
The reason I see a risk of decline in the USDCAD pair is from the CAD side, which could potentially strengthen slightly because crude oil prices might rise, especially with the OPEC+ production cut announcement.
Since CAD has an 80% correlation with crude oil, they tend to move in the same direction.
If crude oil strengthens, the demand for CAD will also increase.
Sell USDCAD.
Sell Limit : 1.37100
Stoploss : 1.37600
Take Profit : 1.33100
GBPUSD Long IdeaThe GBPUSD currency pair has a rather unique fundamental condition, where we cannot simply look at which monetary policy is more dovish or hawkish.
However, I will explain a bit more from a different perspective.
Inflation data in the UK has already reached its mandate at 2.2%, while the Fed is still far from its 2% inflation target.
This could lead to a narrative where the Fed is seen as failing to control USD inflation.
This perspective can apply to other currencies as well; when the USD weakens, other currencies may strengthen.
Buy : 1.28450
Stoploss : 1.27950
Take Profit : 1.33450
EURGBP Long IdeaInflation in the Eurozone remains at 2.6%, which could potentially make the ECB more cautious about cutting interest rates.
Meanwhile, in the UK, inflation has dropped drastically to 2.2% at present, indicating that the Bank of England's mandate target is nearing. It is highly likely that the BoE will cut interest rates further, potentially by more than 25 basis points.
In the EUR/GBP pair, there is a significant potential for upward movement even though it is currently in a sideways trend on a larger timeframe.
Buy : 0.84050
Stoploss : 0.83700
Take Profit : 0.86150
GBPUSD: Swing Buy Now +500 Pips! Get ReadyDear Traders,
GBPUSD is expected to continue rising from current price scenario, we have NFP this week as well which is likely to increase the buy volume within the market. We cannot predict how news will impact on the price but we can see price heading towards our target in soon time.
Team Setupsfx_
GBPUSD: Anticipating Bullish Momentum Towards Key ObjectivesGreetings Traders,
Current Market Analysis:
At the moment on GBPUSD, I am anticipating a bullish draw targeting key objectives. The primary focus is on the engineered trendline liquidity, followed by the Daily Fair Value Gap (FVG).
Key Observations:
Trendline Liquidity: The first objective is the engineered trendline liquidity, which is expected to contain a significant amount of buy stops. This area provides an opportunity to either scale out of positions or hold them to reach the next target.
Daily Fair Value Gap (FVG): The second objective is the Daily FVG, which serves as a key area of interest for this bullish draw.
Trading Strategy:
Current Position: I am already in a buy position taken earlier.
Potential Entry Point: There is another potential point of interest for considering long positions, as indicated on the chart above. This aligns with one of my entry models.
NOTE: Please ensure to further investigate this information before making any trading decisions.
NOTE: The possibility of price also taking out the sell stops before continuing higher. All of this needs to be consider in your trading, also the possibility of my bias being wrong. Therefore, further investigate this idea.
Refer :https://www.tradingview.com/x/FUE5vKZd/
Target Levels:
Engineered Trendline Liquidity: The primary target to observe for scaling out or holding positions.
Daily Fair Value Gap (FVG): The secondary target, serving as a significant area for the bullish draw.
Conclusion:
By understanding the current bullish institutional order flow and identifying key liquidity zones, we can effectively anticipate and execute trades on GBPUSD. The engineered trendline liquidity and Daily FVG provide strategic targets, guiding our outlook towards continued bullish momentum.
Happy Trading,
The_Architect