Ictstudent
$ETH - Rejected Once - Liquidity Below to Attack *SMT*In the 4 hour Time Frame there is a Breaker formation (Low, High, Lower Low) (Pictured here)
which usually implicates Smart Money (Deep Pockets) have pressed the chart down so hard that it got retail traders to sell along with it. It get's to a price that is attractive enough for Smart Money to buy up a lot to run the price up. As it breaks the swing high Smart Money then sells to make a profit which causes the price to drop. The price drops to exactly 62% of the current wave which is where smart money would start buying again, however, there with the breaker to the left of the current price I see Ether moving possibly to the top of that breaker before creating a false sense of hopium as the real target is the multiple equal lows which is where there is a lot of manufactured liquidity (Pictured here 15 MIN CHART).
(Where smart Money creates a "Support" line so that if it reaches thay line again it would trigger a lot of buying from retail traders. Instead, Smart Money knows this and will drive the price further down taking out the retail traders buying at the "Support" Line. As a Smart Money trader, I see Ethereum shorting near 1630-1670 Vand Drop down to at least 1550 but then could drop lower depending on much much liquidity Smart Money wants to go after.
Just my thoughts. Good Luck and Happy Trading.
P.S. Yes My Charts are Full of Rectangles as I mark Fair Value Gaps from Multiple Time Frames and Order Blocks. I do rthis because I notice a monthly fair value gap (Imbalance which price is attracted to) near $720-900. and It's possible it could get that low to fill that imbalance. But I'm just focused on the immediate right now
COINBASE:ETHUSD
USOIL PRICES ABOUT TO SOAR ONCE AGAINPrice is obviously on a bullish trend on the Monthly Timeframe. I love to start my analysis from the higher timeframes.
Price formed a higher high then proceeded to a possible higher low through the current retracement.
Price is currently respecting a monthly orderblock in a bullish environment therefore I expect price to buy up into the Sellside Imbalance Buyside Inefficiency then to the immediate high as my overall target in the coming months all things being equal and provided the current trend is respected.
GBPUSD Long Bias | ICT ConceptHey 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.
EUR/USD - Bounce idea**warning Jerome Powell speaks today meaning it's gonna be shaky reduce size position**
After LOTW we've seen big move yesterday almost 2% also on s&p
meaning big buys
I think further upside is coming
Hopefully price give us an entry with a retracement or most likely a range before JP speaks
EURUSD Sep 9 2022 BSL liquidity still in waitingContinue from yesterday, The price somewhat went according to plan. The price took BSL of the triple tops at the start of the NY session and attacked SSL. After that, the price reacts to FVG and continues to ascend to D BSL and possibly D FVG.
Today in the Asian session, the price broke the swing high causing FVG. After tiny retracement, BSL liquidity and D FVG are close. I expect the price to respect them and vigorously displaces to the SSL that has not been taken.
XAUUSD, will you respect H1 gap today? Sep 8th 2022.From my understanding of ICT mentorship, the price is going to visit H1 FVG soon.
Previously, I spotted a market structure shift one after another to the buy side. Finally, it resting here creatine EQH to call upon liquidity.
if the price retrace to FVG it's my chance to enter and target the old EQH. Alternatively, if the price goes up to grab all BSL and displaces to sell, I would joy the flow and aim for all SSL along the path.
EURUSD at the turning pointAfter yesterday, the D TF has taken sell-side liquidity and has the market structure shift.
On H1 TF, I have spotted several overlapping entry points which can be refined in M15. I chose the FVG in M15 as my entry point if the price does retrace there as the dotted line has shown.
Alternatively, if the price, instead, takes the BSL before moving down I would abort the plan and look for a sell opportunity.