Icttrading
DXY Bullish Targets 5th Sept 2023. DXY:
DXY has been a trending bullish market since the lows of Friday 14th July 2023. The rally to the upside has cleared numerous Buyside liquidity pools resting above Thursday's 6th of July highs and the relatively equal highs of 31st May 2023 highs.
I believe the next target for the DXY is the Volume imbalance of 9th / 10th March and the volume imbalance between 30th Nov / 1st Dec 2022. If the price breaks above these imbalances the market will be hitting new highs for 2023 potentially showing bullishness into 2024.
This analysis has been taken out using ICT concepts and my personal opinion on the market.
THIS IS NOT FINANCIAL ADVICE.
Nifty on daily chart - ShortNifty daily chart as per ICT prospective:
For swing trading prospective Nifty is in downtrend on daily chart and will face tough resistance in the zone of 19550 till 19900. Hence while Nifty is in 19550-19900 expect consolidation and bias towards down. The long term trend would turn positive ONLY above 19900. Till that time it is sell on rise.
US30 TRADE IDEA UPDATEPrice reacted at the first POI to give us the bull run we expected.
I've taken 90% profit on my position because i still have a poi lower that price could also aim for next week.
We killed US30 this week. Let's do more next week.
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NASDAQ BULLISH TRADE IDEANASDAQ has presented a S&R setup. The market clearly broke out of a resistance and hence came back to retest the Resistance; now Support.
You can look for buy entries with your strategy on the lower timeframe.
Also, another confluence was the complete fill of the FVG on Weekly Timeframe.
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GU: Daily TF. Possible reversal to Monthly Bearish OB?This week price continued to move down as expected, taking some sell side liquidities (SSLs) and bullish order blocks (Bullish OBs) which acts as magnet of price. The Daily bullish order block was already taken so price could reverse back up to the Monthly bearish order block.
But since there is still a Daily sell side liquidity and the whole number 1.26000 below, price could still take these levels before moving up to the Monthly bearish order block
It is also possible for price to break thru the 1.26000 level and continue moving down up to 1.23000 level (the next sell side liquidity).
Currently waiting for more clues
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.
USDCAD Weekly TF fulfilled SSL A look at the weekly TF suggestions a potential bullish run for Monday.
📌 Structure: 1hr TF already created a ChoCh as price mitigates the weekly FVG suggesting a Bullish switch
📌Liq: weekly TF FVG/IMB mitigated
📌 POI: 1hr TF FVGs
Follow up post on this on 1hr TF and likely a look into the 5min TF.
GBPUSD WEEKLY FORECAST FOR 26th-30th JUNE 2023Price has performed a break of Market structure on the 4H timeframe, it created an imbalance in the form of a fair value gap and price tapped into that and the breaker located there. I expect a heavy market to the downside on the open. Several levels of interest have been marked on the chart. Let's see what happens