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?
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Ictorderblock
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.
EURGBP LOOKS ON WEEKLY TF
📌STRUCTURE: External Structure is Bullish. Meanwhile, we just broke a low in internal structure. This break swept that low (SSL) into an OB.
📌 LIQ and POI: Price has partly mitigated the OB while clearing the SSL.
Thus, the cause for a bullish reaction in previous week.
It's unlikely that price wouldn't retrace deeper into it to mitigate it more properly.
My Next Week View On GBPUSDFOREXCOM:GBPUSD
GBPUSD is still bullish.
But since we just took out external liquidity, I will wait till it retrace back inside the bullish range to rebalance an imbalance or find support at the 4H order block.
I will be buying GBPUSD at any of the discount PD arrays on 4H.
I will keep buying GBPUSD till we reach the 1.30043 level on weekly and monthly or till we have a shift in market structure on 4H.
Looking at the fact that we are currently at weekly and monthly premium, i expect price to give a some sort of retracement on 4H for smart money to accumulate more positions at any of the 4H discount arrays like FVG, Order Block etc, giving price the necessary support it needed to push up deeper into higher time frame premium arrays.
My GBPUSD Buy Setup For Next WeekCheck out this Buy setup for GBPUSD projection for next week move.
FOREXCOM:GBPUSD
Thoughts Process Behind the Setup:
Weekly Time Frame: Bullish plus FVG and bearish order block above price serving as a draw on liquidity.
Also, price already retraced to fill the FVG below price. Which means price is now ready to push higher to fill the FVG above.
Daily Frame: Price bouncing off daily bullish order block to fill an imbalance.
The only setback on daily for now is the bearish order block where price is currently at.
2HR: Price took out sellside liquidity and dropped further into the weekly FVG and then created a shift in market structure leaving a clear FVG behind.
Entry: I used my FIB to locate OTE around the FVG which is where i will be placing my limit order for entry.
What do you see on your own chart?
Usdcad Ready For a Bullish RunMy usdcad bullish view
FOREXCOM:USDCAD
Weekly: Usdcad is bouncing off weekly order block with old high above serving as a draw on liquidity.
4HR: Price took out sellside liquidity and created a shift in market structure leaving behind a clear order block and fair value gap.
Above price, we have multiple buyside liquidity and fair value gap which serve as a draw on liquidity for price.
I expect price to fill the fair value gaps above and take out the buyside liquidity.
Entry: I will set my buy limit order at around 1.31662 ote level.
Stop loss: My stop loss will be place around 1.31128 zone below the swing low.
Take profits: My final take profits will be at 1.36516.
But I will take partials along the way as price take out each of those swing highs on the way.
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Fair Value Gap Strategy (FVG): GBPUSD 7.32x Reward TradeCheck out this 7.32RR trade I took today on GBPUSD.
OANDA:GBPUSD
Trade Process:
Daily is bullish with FVG serving as draw on liquidity.
1HR: Took out Sellside liquidity left with BuySide liquidity to take out.
15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity.
Entry: I used my fib to locate OTE at the FVG which is where i placed my buy limit.
Price retraced to pick my order and fly high to take out the buyide liquidity and the daily FVG.
GBPUSD Friday's Review The FVG is unarguably most ICT traders' favourite entry level.
However, there are little things to pay attention to:
📌Does it have enough imbalance/liq to make price turn from that level?
📌Is there another possible level price might seek liq into?
Price will always seek liquidity. If we're working with a FVG, it should have enough Liq within it in form of its imbalance to make that liquidity-seeking achieved.
When a FVG hasn't enough of that, you might want to look out for the next possible liq level(s).
📌 I'd recommend a divided risk in such scenario or you move to another pair with more precised price delivery.
S&P 30m Analysis: Unveiling the Perfect Sell Setup for Maximum📈 S&P 30m Analysis: A Perfect Setup! 🎯
✅ Price successfully captured its buy side liquidity and formed a breaker block, signaling a prime opportunity for a sell entry.
📉 Targeting the untouched sell side liquidity, traders can aim for a remarkable 6.5 risk-to-reward ratio.
💰 With the option to book partial profits at 2.5 deviation or hold for the ultimate gain at 4th standard deviation, this trade is a true gem. 💎
EIGHTCAP:SPX500
EURUSD BEARISH ARRAYS (Counter Trend📌Structure: Internal structure (to the right-current price actions) is bullish but price is approaching bearish levels in external structure (to the left)
📌LIQ: 15m EQHs
📌POI: Multiple Levels (A partly mitigated OB, a FVG and another OB)
Note: I'm no considering the mitigationed OB
Also: Divided risk is ideal for both levels of entry (maybe even with a confirmatory entry)
Success to all.🍾
NZDUSD With Double Possible Levels Here's not my favorite kind of continuation entry.
What to do in scenarios such as this one?
Options 👇🏼
a. Divide your risk
b. Use confirmatory entry
c. Don't participate (sit it out and be patient for the next high probability setup)
d. Moving to another pair (instruments) you trade with a better setup offering higher probability.
BEARISH IN DXYMy overall bias is bearish for the short term. I believe I will get a good entry in EURUSD when the price reaches the BSL (BUY SIDE LIQUIDITY) at 105.895. The order flow is also bearish, indicating a higher chance for DXY to be bearish and other USD pairs to be bullish. This is basically my insight only.
Have a wonderful trading week!
MMTrades
NZDUSD Will Ride Long?Cause of the possible bullish run for next week: mitigation of weekly FVG (a little bit below Equilibrium at discount)
Trend: Bullish as price has broke structure up (ChoCh)
Stage: Expansion but expecting a retracement into either the 1hr FVG or extreme FVG that will trigger a possible long opportunity.
What will cause this retracement is the mitigation of that ob in which price is within.
Time frames analysis (for setup identification and entry.)
On daily TF, the weekly FVG (first DOL) is more pronounced. So, I have a confluence there.
On 30min, Price is within a bearish OB that should cause the retracement I'm looking for (screen can't cover it but it is to the left side if you go to the chart).
Some people will short the retracement but I don't feel like yet as price might not retrace if it likes.
Those FVGs are either levels where I'm looking for a buying opportunity. I might decide to divide my risk since I have two possible levels. 0.25% for each if I'm risking 0.5% per day or 0.5% for each if I'm risking 1% per day.
(Another alternative is to go with a confirmatory entry). Anything more than two possible OBs or FVGs, I'm not working with it. I'd consider that multiple levels with a low probability setup.
All for educational purpose.😄
NZDUSD Will Ride Long?Cause of the possible bullish run for next week: mitigation of weekly FVG (a little bit below Equilibrium at discount)
Trend: Bullish as price has broke structure up (ChoCh)
Stage: Expansion but expecting a retracement into either the 1hr FVG or extreme FVG that will trigger a possible long opportunity.
What will cause this retracement is the mitigation of that ob in which price is within.
Time frames analysis (for setup identification and entry.)
On daily TF, the weekly FVG (first DOL) is more pronounced. So, I have a confluence there.
On 30min, Price is within a bearish OB that should cause the retracement I'm looking for (screen can't cover it but it is to the left side if you go to the chart).
Some people will short the retracement but I don't feel like yet as price might not retrace if it likes.
Those FVGs are either levels where I'm looking for a buying opportunity. I might decide to divide my risk since I have two possible levels. 0.25% for each if I'm risking 0.5% per day or 0.5% for each if I'm risking 1% per day.
(Another alternative is to go with a confirmatory entry). Anything more than two possible OBs or FVGs, I'm not working with it. I'd consider that multiple levels with a low probability setup.
All for educational purpose.😄
IPDA on EURO FUTURES CONTRACTSellside and Buyside Have both been Purged Since the New Yearly Open with price Resting at the Midpoint of the overall Neutral Order Block we are currently sitting inside of. I am Neutral Until I see a significant Displacement Leg Form; Shifting Market Structure to a More High Probability Setup. For now I will Simply use the Weekly Range(s) of Liquidity on a Daily TF to Locate 4H Swing Highs/Lows for 1H Model Frameworks - allowing LTF 5min 3min 1min Entry Setups At HTF and MTF PD Arrays. Running sentence, sorry. #ICTStudent
** NOTE: Even though Long Term I am Neutral - I am Bearish on the Short Term till price Reacts off of the Bullish Breaker, because we are in a Bearish Weekly Candle with a confirmed Daily Swing High for Monday, Tuesday, and Wednesday that has drawn a Daily Bearish FVG.