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Ictsetup

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
by ConsciousFXtheDayTrader
Elliot Wave, Demand and Supply, SMC and ICT in agreementI will be using 3 strategies//concepts to analyze price here Demand and Supply Strategy Price is currently trapped within a demand and a supply region and both regions are currently bouncing Price about but one needs to break in order for Price to continue trending. I favor the demand zone to break because 1. We are currently in a downtrend 2. The rejections from the demand zone are weak compared to the rejections from the supply zone which were sharp and fast I would suggest selling from 1926- 1928 because Price would retest the Supply zone to pick up more orders before it shoots down towards the next demand zone at 1905-1907 Elliot Wave Strategy Price is currently running 5 waves down, and looking at the chart we have highlighted and completed wave i through to iv. Wave ii retraced 61.8% of wave i which means wave iv would retrace not more than 50% of wave iii which we saw last Friday when Price peaked at 1929.69 We can see a divergence in Price and MACD of wave ii and wave iv, which means a continuation of downtrend is inbound and according to Elliott wave, its the beginning of wave v down to 1907-1905 region which marks the 1.272 extension of wave 1 SMC and ICT From the 15mins chart, it can be seen that Price has done a CHoCH/MSS, and it left an area of FVG/Imbalance in a discount area while doing that. We expect Price to trade back into that FVG/Imbalance and mitigate the 5min OB before we see another massive move to the downside RIsk Management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍ if any of the concepts makes sense to you or not. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
TVC:GOLD
by owlswift_fx
IPDA Ranges to Cast Future Price Movement for ES Familiarizing ourselves more on IPDA Ranges to help form daily bias and to work on high time frame analysis. The first idea we ever published was actually a very similar thought but now that we have a better understanding of how to use IPDA ranges we wanted to post what we hope to be a more accurate version of what is to occur in CME_MINI:ES1! price action. We are trading down off of a weekly order block that was traded into on July 18th; we have taken out the July 10th low of 4660.25 and we have failed to make a higher swing above 4683.50. It seems like the market has shifted to bearish conditions for the intermediate term. Using the look back and cast forward train of thinking, we have been trading higher for the 60 trading days prior to August 1st which is just 3 trading days after making our current intermediate high; meaning our cast forward should have plenty of sell side liquidity to draw to in order to clear out stops below our 20-40-60 day ranges. It just so happens that we have a +Breaker Block that contains a Fair Value Gap/Liquidity Void inside of it. This gives us a lot of confidence in our bearish outlook as the 60 day low is quite literally is the top of our Liquidity Void and also falls into a zone for Optimal Trade Entry (OTE). The only major bounce we should see is off of the March 13th Premium/Discount range as the Equilibrium for that range falls right in a Liquidity Void. The only thing that will push us through that with ease is some red folder news. Should be a piece of cake.. We are proud to put ourselves out there with ideas. It forces us to use logic and apply concepts and ideals that we have learned. Any questions or comments leave them below! CME_MINI:ES1! EIGHTCAP:SPX500 CBOE:SPX TVC:SPX BLACKBULL:SPX500 SKILLING:SPX500
CME_MINI:ES1!Short
by blackoakcapital
GBPUSD: Directional bias is neutralPrice is still pretty rangebound. It left a long wick at the top then aggressively moved to the downside leaving fair value gaps and taking sell side liquidity (SSL 1H TAKEN line) before moving back up to fill up the fair value gaps. Price could continue moving up to take the bearish order block, which happens to be also the 62% Fib level and this Fib level is the start of the optimal trade entry (OTE) range. Or, since price is already near the levels at the bottom,, it could move down to take those first, then move up. Waiting for how price will approach the above or below levels and how will it react at those levels.
by Paul_FRX
GBPUSD could move back up to bearish order blockGU has been ranging this week, breaking highs and lows. It could continue to range until it gives us a sign that it wants to break out of the range. Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value gaps on its way down and likely to come back up to fill those up. In the encircled part, if we go down to 15m TF, there is also a relatively equal lows that were taken out and was followed by an aggressive move up, which adds as a confluence that price is likely to move back up
Long
by Paul_FRX
2
GBPUSD could move up to take the 1.28000 levelMy bias on DXY is neutral and this is the same with my bias on GBPUSD on higher time frames. But looking on the 1H time frame it is more likely for it to move up because there are a lot of order blocks, buy side liquidity sitting above waiting to be taken (green lines above). There is also an equal high (yellow box). Prior price shows that it took multiple bullish order blocks and sell side liquidities and fib 61.8% level then pulled back up. It is likely to continue to move up to take levels sitting above. As I mentioned before, these levels acts like magnets that draws prices into them.
Long
by Paul_FRX
Why I analyze the direction of DXY.For a trader that trades GBPUSD like me, it is important to analyze the direction of TVC:DXY because TVC:DXY is negatively correlated with $GBPUSD. Knowing the direction of DXY is an additional confluence in trading $GBPUSD. Here is how I analyze TVC:DXY direction. Today's TVC:DXY direction analysis. - DXY is showing a downtrend move. - It took the sell side liquidity with equal low (SSL D TAKEN line) then moved up. On its way up, - it filled fair value gaps (purple shades). 1 fair value gap is not yet fully filled - it took the 78.6% Fib level, which is the deepest optimal trade entry (OTE) LONG bias: it is possible for DXY to continue moving up because there is a daily bearish order block just above (BearOB D line) SHORT bias: it is also possible that TVC:DXY could reverse back down from here because it is showing signs of rejection of the 78.6% Fib level. For this reasons, my bias for TVC:DXY is NEUTRAL. Now it's time to analyze FX:GBPUSD
TVC:DXYEducation
by Paul_FRX
2