Ictorderblock
USDZMW/Technical AnalysisWe might see a strong buy side liquidity on USD/ZMW, W formation formed on Monthly Time Frame after price hit our MTG at k15 which is likely to head back to k22.50 Zone, it has also broken another liquidity zone (OB) at k19.28 meaning that we still have a strong bullish run, Price might be heading back to fill the VOID from the heavy sell liquidity we had from July 2021 - August 2021.
Kwacha is yet to depreciate drastically till proper Fundamental and Economic Policies are put in place.
UsdJpy Possible ShortThis is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area (green zones). We currently in premium aka the red boxes. Liquidity BSL is also resting above from last Thurs and this Wed. Would love to see price grab that while going to EXTREME premium, before shooting down to push PRICE HIGHER... just waiting to see. I got more Lower timeframe ICT based markups if yall mess with this one.
Short term sell to H4 OB on EURUSD; then LONGWilling to short to the H4 FVG below, about 121 pips to the downside, then will consider buying up until price reaches a 2 week resistance zone/OB.
I'd like to see if price will re-test 1.05929 to then sell to fill in the gap near 1.04817 - 1.04765. Another option is not participating in the counter-trend and wait to enter once and if price reaches the deep discount area of 1.4781.
Countertrend then Continuation to upside after 2Day OrderBlock If you missed getting in short, here's a 2nd opportunity for a longer run. Speculating price will reject 0.86890 to take out SSL below at 0.86115 (2 Daily OB mitigation). Then this would be a great entry for long (swing trade).
If willing to participate on this short idea, suggestion is to do so at a reduced risk (lower lot size) on the shorting (0.86890) to the 2 Day OrderBlock mitigation. Then enter at a regular risk (whatever your risk appetite is) on the continuation long.
Weekly analyze for NQU2023Hello fellow trader.
in my analyze for this week 09/03/2023 i project a down close candle for NQU2023 if u open your weekly chart u will see the NQ reached an weekly Bearish OB and respected it, then if you move to the daily chart u will see a BISI/fvg bellow and a daily bullish OB i think the market will target that level for the upcoming days or weeks if we stay bellow the weekly Bearish OB ofc
NZD Long Swing Trade IdeaBy looking at the monthly chart we can see that price action is overall bullish on a bearish retracement. Price just dipped below the 62%, hit equilibrium and and is now retracing again to the discount OTE zone on the daily chart at which time we can anticipate this overall long term trend to hold. Classic chartist pattern descending channel is forming on the daily recent price action which should false break to the downside, wick into the monthly order block mean threshold and expand away from it immediately. Ideal scenario is an entry around 0.58350 level where a fair value gap overlaps the monthly order block mean threshold. Ideal profit taking for a partial or first profit is above the highs on the daily chart at 0.65120, again at 0.68850 and finally at 0.75510 above the old weekly highs.
Backtesting SMC Continuation StrategyTV wouldn't let me write "ICT" in the title lol
Anyhow, here's a great example of a clean SMC/ICT continuation trade on the 15min timeframe.
I generally like to watch the Euro on the 4H, but since I don't have a setup at the moment, I thought I'd flip to the lower timeframes and play around with Replay.
1. The first thing that caught my attention was the break of structure on the 15min TF. This BOS to the upside was the first hint that price wanted to move up.
2. This BOS was caused by a tiny order block, and the same explosive move created a fair value gap (imbalance). Since we know price loves to fill imbalances, you'd want to see price pull back into the order block where a tight entry and SL could be filled (as it did in the, in the picture).
3. Before price hit the order block, it first purged the liquidity within the present area, which is another sign I look for before pulling the trigger.
4. With TP placed at the most recent high, this trade was able to offer 7R (thanks of course to the very tight spread between entry and SL).
1 of 2 patterns I rinse and repeat these days. Hope it helps
Gold is Ready For a Bullish WeekFOREXCOM:XAUUSD
Gold is currently bouncing off monthly and weekly FVG.
It has taken the Sellside liquidity on 4HR with a clear Buyside liquidity above to take and clear FVG to fill, both serving as draw on liquidity.
Hence, I expect gold to be bullish for the next few days till atleast those liquidity above are taking and FVG is filled.
Entry:
Entry is at the extreme of the fvg below, precisely the optimum trade entry level of the Fibonacci retracement tool.
What is your view on gold?
Do follow for more updates
My July And Long-Term Bias on Gold (Xauusd)FOREXCOM:XAUUSD
Monthly View On Gold
Currently Gold is at a monthly time frame premium level, which means we can see sell moves on lower time frames anytime from now.
However, when you follow the monthly order flow and price delivery on Gold, you will discover that, prior to this current leg move to the premium draw on liquidity, gold took out sell-side liquidity first before making the move up.
And right now, price has formed a triple top liquidity draw above through the wicks of the 3 leg moves to the premium zone.
I expect price to keep going higher, at least to take out the liquidity at the triple top above.
Also, price is currently at a bullish order block, which can help to push the price higher.
Weekly Time Frame
On Weekly, price is currently at a discount level of the range and currently reacting to the discount PD array of FVG serving as a support for price. Which might hold and push price higher.
Overall, for July, I expect Gold to be bullish.
The only reason price might drop is to rebalance an imbalance below the price, which is less likely to happen this month.
But, hey, this is a Financial market where market makers determine the direction of price delivery they want.
What do you see on your chart for Gold?
EURGBP Lookouts
📌Structure: The internal structure is still bullish
📌 LIQ and POI: we've taken out the BSL (red circle), however, there's another upper Liq pool lying above (white).
POI: LIQ should be cleared into that OB above for a possible Judas Swing Reversal Model or any other setup confirming the likely reversal.