$FTM Technical Analysis - R Fair Value Gap Turned Support *SMC**SMC* = Smart Money Concepts. See related Ideas for tutorials
In Smart Money, there are specific candle formation that will lead to a lot of clues to price action results. Yesterday FTM was the product child of those clues. Currently, the price has hit the top od the daily / weekly fair value gap. I just closed my long position because I expect it to retrace to thebottom of the weekly fair value gap, which in turn is also a breaker. These will act as support so once price reaches $0.548 we should see that support start working it's magic
Current chart label (1) Lower time frame
(2) It could retrace to the bottom of the order block which would balance the chart on a weekly level and then would also turn bullish at$0.51885 - See chart two higher time frame
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We shall see good luck and happy trading
Ictstudent
Post FOMC 2.2.23We have left some imbalances behind following yesterdays explosive move that need to be cleaned up prior to continuation. $META 40bln buyback may put a dent on any dip adds and we could continue right at the open into BSL. I'd be looking to fade this initial move if so back to value.
On the hourly we have what appears to be a large BISI (buyside imbalance - sell side inefficiency) and multiple FVG's (Fair Value Gaps) within. Below equilibrium is our return to discount, so those are the FVG that I find the most interesting.
I do like to mix in Volume Profile with ICT concepts as it is a tool that I have grown to love over time. Yesterdays Point of Control comes very close to the FVG+ I have in interest.
Long story short, I'm bullish but will fade any opening rally until we get a return to premium to pivot back long intraday.
The short must have a BoS- with displacement to the downside at a key reversal time. We don't get in front of this just because. Control the drawdown. CME_MINI:ES1!
yday for reference:
Take profit 3.6% x 2 and one at 5.3%.From Sunday candle price start to fall down and at that point my bias was short. Today I waited for price to go above opening candle and start to go down to swing low on higher time frame.
I took partial at 3.6% profit and rest I left to target my original TP. Moved my SL so in anyway I would end up with porfit.
Hope this help.
EURAUD MY FAVOURITE CUP OF TEATook a little longer for price to reach the QML but that comes with the territory. I am that good, the game has taught me the game
True SMC entry module to pass Funded Accounts!!!Hello traders. In this module we aim to explain how to enter the trades along with market makers for high RR entries. Entering like this will protect your Stoploss since your orders are along with the Market makers and market makers defend their positions. As a result your position in also defended in this case. Please pay attention to the annotations made on the chart.
Happy Trading
Team Lamda!!!
Buy EURUSDConfirmation
• Wednesdays Side liquidity is taken out✔️
• Break in Market Structure ✔️
Entry
• At Fair Value Gap and below the midnight open ✔️
• London killzone ✔️
Target
• Price to make a new higher high ✔️
GBPUSD - Anticipating long from 4h FVGHey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
$XRP Bullish - Not without a few fake outs along the way *SMC**SMC = Smart Money Concepts or I Formerly referred to it as Smart Money Theory. Same thing I think it is being adapted to a bigger retail trader class (you all are getting wiser for changing to this style of analysis) you can find a few tutorials and breakdowns in the related ideas link to this one. Earlier I did my own limit call at the beginning of the rebalance redeliver at 0.4219. It hit that price around 3:30 eastern time (U.S.) Monday and my exit was near the same recent high of .43155. Which was also the Consequential Encroachment of a daily Fair value gap. I Nailed it without blinking an eye. Now the question is where from here? Well at first, I didn't notice that it had already filled the rebalance-redeliver (Shown in this chart)
So my first drawing of the pullback might be off. It could just go straight up to the daily bearish order block. as the first projected yellow run just goes straight up into it and then pulls back. but it could manufacture more liquidity and pull back more before moving up. I'll explain in greater detail.
The objective was to fill the weekly Fair Value Gap (created in September, which has happened) as well as fill the imbalance in the redeliver rebalance (Which has already happened) However, it wouldn't be a smart money concept if it didn't try to manufacture liquidity. (just above the .43155 area) So I assume there will be another pullback near that price. However, now we have to keep in mind that there is another Weekly fair value gap that needs to be filled (thus gap was created in November when the price was moving down). (The purple outline that the projected yellow line touches going up and the pull back down) So it could pull back to the same area that it closed the redeliver-rebalance on (0.41330) and then run up and over the 0.43155 level to the daily bearish order block. This would be near .4498-.45 level. After it hits that rejection block it should fall to fill the rest of the weekly fvg which is near 0.398 but could get as low as .3768. This would cause a panic in the retail market and you would see a lot of people jumping ship for a loss. While Smart Money (Larger Institutions) sweeps in to buy up at a low price. When in reality all price is doing, is what its meant to do, 1 Fill imbalances 2. attack liquidity.
So then price I believe would start making another run this time up to a median of the bearish order block which is in the congruence of the 227% fib extension of around the .48 price.
How long will this take? Who knows. Am I gonna be 100% right? Probably not. But after studying so many smart money charts, I would not doubt that this would happen over the span of 2-4 weeks. Or maybe 1-2 weeks.
We can only wait and see :)
KUCOIN:XRPUSDT
KRAKEN:XRPUSDH2023
BITSTAMP:XRPUSD
BYBIT:XRPUSDT.P
EURUSD SELL TRADE IDEAOn this level I am looking to sell EURUSD on the next 15 min candle. The structure look bearish, as it has formed a distribution by taking the buyside liquidity, and mitigating on the 1 H FVG at 1.0835.
Can Pound Dollar continue bullish ?
Expecting price action to continue bullish at New York Open after hunting the previous day Sell Side Liquidity at London Killzone
SEASONAL ANALYSIS 2020 BACKTEST - TO DOMINATE MUST ANTICIPATESeasonal trading can make an exceptional difference in your career as a trader no matter the currency, stock, or commodity. Seasonal patterns and price action sets you up for success in advance, once a seasonal pattern has been identified it is also good to look at the fundamentals and the technicals of current climate in which you attend to trade.
Building your seasonal analysis based on the higher time frames such as the (Weekly & Daily) to identify strong or weak seasonal bias, then going down to the (4H & 1H) to identify key technical levels for the best pre-defined entries.
6% Take profit with ICT Methodology.Nice 6% take profit using ICT Methodology.
The first trade today morning was at a 1.5% loss but during NY Kill Zone I manage to recover and make some decent profit.
But is not always like this.
SECRET SOCIETY ENTRIES ON EURAUD The game has taught me the game and ohh boy it didnt spare me the rod in the process.
QML's offer the strongest form off support or resistance in my opinion if utilized properly.EURAUD is in a reacccumulative state ,there is a viable qml level that was formed last year that price is floating on .
I strongly believe that it will act as a discount array,but thats yet to be seen .
Consistencey is key ,safe trading.
GOLD analysiswant to see a some form of retracement in next week for gold to go higher above the black line taking liquidity .
NFP MNQ Long :)Throughout This week I've been bullish on the index futures. On NQ you can see liquidity resting above at equal highs @11180 level, this is where Ive wanted to see price head towards yesterday but we didn't see that. My mindset today was NFP raid to the downside sweeping ssl to then reverse and rally towards 11180. During the release of NFP at 8:30 am EST we see NQ and ES sweep ssl while YM fails to do so. This is SMT which gives me a confirmation that price wants to go higher. I sit patient as price rallies and wait for 9:30 open where I anticipated price to drop into a FVG around @10810 area which it did. I entered a long with 1 contract aiming for the nearest swing high @11035. I ended up covering my position @11031.5. I covered my long before reaching the high due to my rules on friday where I cant Hold trades past Lunch hour which is 12-13. Still a decent trade at 2.7 RR
gold did what i said yesterday i mention that gold will likey continue its higher trend and it has done so.
gold biastaking off partials ahead of news impact driver FOMC and scaling stop lose and managing my risk.
DXY might back into bullish pullback momentum in Jan ?
Expecting some bullish momentum after balancing the displacement below , Next FED Meeting will be at the end of Jan & will start on February 1, 2023 which we must aware of upcoming Rate Decision !
DXY Long BiasHey traders, here is the analysis for the DXY. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
💁♂️ ETHUSDT / 6H Short From 1220/1240 ?🤔 let's see ❗💁♂️ HI Everyone... As you can see, the price has reacted positively to the specified support zone after a 14% correction. Currently, the price is in the suffering range. It is possible that the price will reach the $1220/$1240 FVG range created by the reaction Be positive. For the desired scenario, it is important to maintain the $1150/$1170 range. 💹
Support ranges $1100/$1070 ⚠❗
Resistance ranges $1207/$1220/$1240❗
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
IF you like my analysis please LIKE and comment 🙏✌
The market is soon heading to a discount. So that major drop last week was something. This really is a guess but I think the currency pair has one more sell off before the market reevaluates its position. From the fib retrace that I did it looks like the market is about to be extremely overbought soon and I guess when that happens this is when I personally would want to be preparing for a short. Its a big possibility that it can happen on midnight Monday morning but I will have my fingers crossed. It hit my first target on liquidity today. I believe my 2nd target will be hit before the market starts going down. I hope this Idea was insightful! And feel free to say hello! OANDA:USDJPY
