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Innercircletrader

EU - Monthly Timeframe Analysis (ICT)EURUSD is clearly heading lower on the Monthly chart. There was a sharp rejection at the large NWOG above, after taking out a Monthly High, and the Monthly candle failed to close above the previous Month's highs. Now we have displaced towards the low of the recent intermediate Monthly Low. I don't see us heading to new highs from here, and at the very most a manipulative expansion to the upside to shake out short sellers. We are likely heading towards the Monthly Bisi at the very least in my opinion at face value. See my DXY analysis for more correlation and context.
Short
by Road_2_Funded
GU - Weekly Timeframe Analysis (ICT)There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle. Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market. The only concerning thing is the Commitment of Trader report with large specs still being heavily long. My experience is limited observing the report week by week, but one thing I've learned is that regardless of the report, bias can change on a dime.
by Road_2_Funded
EU - Weekly Timeframe Analysis (ICT)Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there. The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG. Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
by Road_2_Funded
EU - Monthly Timeframe Analysis (ICT)Last month we saw a sharp rejection after taking out a monthly high and monthly open. Currently no body has closed below the monthly FVG/Sibi. I would be interested to see if price is drawn to take out the previous month's low, and if so, how does it react afterwards. If it takes out the second monthly lows, then the monthly FVG/Sibi would be a nice objective. Price seems to be delivered efficiently at the monthly -OB, so I would be curious to see if price will be drawn back up there for a higher target. Overall, no solid bias on my side.
by Road_2_Funded
1
DXY Analysis - Weekly Timeframe (ICT)On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline. I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs. I am excited about the possible setups based on DXY in the near future.
TVC:DXYLong
by Road_2_Funded
2
NAS Outlook 8/6NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term discount pricing. From a macro perspective there is a weekly FVG above price that may be acting as a magnet for higher prices. This is added confluence to the expectation of bullish expansion.
FX:NAS100Long
by akhena10fx
EURUSD Outlook 8/6EURUSD traded into a daily FVG last week and reversed breaking market structure to the upside. We will maintain a bullish expectation till price does something to invalidate the expectation. There is a failed 12H SIBI FVG and an 8H balanced price range. We will be watching to see price interact with this area as potential short term discount for continued expansion. Expansion targets are the 12H OB and Daily BPR above. With news late in the week price may choose a number of ways to move before the CPI liquidity clearing. don’t force what isn’t clear in these conditions.
Long
by akhena10fx
3
EURUSD Analysis - Potential LongThis is a potential long setup on EURUSD. I do believe we are gonna start seeking higher prices either CPI today, or PPI tomorrow. The only other alternative is a drive lower to hunt for liquidity, push the bearish sentiment to the masses, and then crawl back up whilst taking out anyone looking for an opportunity to get in short. Both are valid ideas. Only thing I am confident about is that we will be heading up sooner or later, and this isn't the end of the road. This setup is based on price not breaking the current low. I used GBPUSD as confluence. The POI is an Orderblock on multiple timeframes. That is the only clear area I can see for a possible retracement, faking a bearish move and heading higher very... VERY... rapidly. Time and price will offer more clues. Best bet is wait for the high impact news to show the true colours of the market, then get in from there. Other than that, it would be a gamble. R2F
Long
by Road_2_Funded
DXY Outlook 8/6DXY Outlook - DXY is at a bit of a crossroads. on the HTF we have traded into a monthly FVG and have been reacting bullishly off it in recent price. However we have traded into a bearish weekly OB and daily FVG area. Price broke market structure in last weeks trading so at this point I am anticipating short term bearish action. With the most recent bullish daily OB as a potential target, and the mean threshold of the monthly rejection block as a deep discount target. A failed 12H BISI FVG was violated late last week. Looking to take early sells from this area if I see something I like. With CPI on Thursday price action is likely to be slow the majority of the week before energetic liquidity clearing during News.
TVC:DXYShort
by akhena10fx
DXY Analysis - Short SetupI am under the anticipation that XXXUSD pairs are accumulating and USDXXX are distributing. Based on the current price action of the DXY chart, I am anticipating weakness in the Dollar. This is the setup I have based on DXY, which would have to be translated to respective Forex pairs and/or Commodities, etc. The safest protocol at the moment is to wait for convincing displacement and structure to form before taking the trade. We have CPI and PPI at the end of the week, so I will see how price forms before that. 2 possible scenarios I will be looking for. 1.) DXY creeps up during the week until CPI to my point of interest, then that could be a good signal for this analysis to play out. 2.) DXY creeps down then pumps up during CPI, and then lingers at my point of interest before PPI, then that could also be a good confluence. My only concern is that the DXY wants to continue rallying to take out the higher timeframe trendline liquidity and fill imbalances back at a Premium level. I would be surprised due to the increased hedging by commercials. But, anything is possible! Yours truly, R2F
TVC:DXYShort
by Road_2_Funded
EURUSD Outlook 7/31EURUSD Outlook - EURUSD is HTF Bullish. Price just validated a bullish monthly OB and is now returning into the body of this OB. we can anticipate bullish price action from within the body to a new recent high. Last week traded into what can be considered a daily bullish breaker. there is a 12hour balanced price range below the weekly open price. The expectation is that price will likely trade at least to the 12h BPR and potentially to the daily FVG below, before looking to expand and take out last week’s high which formed with relative equal highs and is a pretty clear pool of liquidity. This week’s news is of high impact with NFP on Friday.
Long
by akhena10fx
15
DXY Outlook 7/31DXY Outlook - DXY is HTF Bearish, it just validated a monthly Bearish OB, however it has also traded into a monthly bullish FVG. Price can choose to do a number of things from here. For ease of analysis I will assume bullish continuation until price shows strongly it wishes to do something else. There is a daily bullish OB below the weekly open price that may want to be traded into. Should price trade into it early, i would be looking for short term bullish price action to put in a higher high than last week, before a potential reversal. The 2Day balanced price range below last week’s low is a good short term sellside liquidity objective.
TVC:DXYShort
by akhena10fx
GBP/USD Reversal Anticipation - Long BiasOutlook for GU for a long reversal. I still believe we will be expecting new highs soon, to the Monthly FVG and quite possibly to the NWOG above it. I have some potential iFVGs that will be reused as support later on. For lower prices, I am anticipating retracement into the Daily Breaker Block, or back into the NWOG. There is a 2 Week FVG and Daily Order Block further down which I don't think we will get to but it is not out of the realm of possibility. My anticipation for higher prices is based on the liquidity residing above and the strong correlation in the COT reports. Always look for confirmation.
Long
by Road_2_Funded
4
WILL $INJ REACH $6 AGAIN BEFORE BULL RUN OR CONTINUE TO RALLY?CRYPTOCAP:INJ has made an explosive run upwards since the buy setup executed by $5.40 in the previous analysis on $INJ. Begs the question, will CRYPTOCAP:INJ reach $6 again? I think price will reach $6 again. Below are the confluences for my Bearish stance - Price is currently in a Weekly Rejection Block - Sell Side Liquidity has been taken on the Weekly and Daily timeframes that was at $9.58 - Retail Market Sentiment is bullish as we can see major news articles are writing about the bull market coming which is always great for an institutional trader as there is retail liquidity to raid. - Price is also in a Daily Bearish Order Block that has not been violated as yet. - There is a Fair Value Gap by $8.50 as well as another Fair Value Gap by $6.50 which the algorithm will most likely be targeting to close before another big rally. - There is Buy side Liquidity (retail buy stoploss) by $7.75 which is very attractive. We are currently in Q3 and I project that prices within the Crypto market will make their lows within this quarter in August-September before a Bullish rally begins again. N.B: If you enjoy and learn from detailed analysis like this one, do well to follow, like and share this analysis to your fellow traders. Happy Trading Pals
Short
by Evaliste