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EURUSD DETAILED ANALYSISFollowing up on the guide that I posted on the weekly timeframe, internal price action on the 2H is bullish and we are currently at the OB which supports the first outcome. Price could continue down without giving us a bearish choch which is a 50/50 trade IMO. I would prefer to see a bearish choch first to increase its probability of holding. If we break above the strong week high I will try to go long with the 2H internal aiming for short term targets until I see a bearish choch to target the weekly low. The least probably but still possible outcome is for price to go above the December high if the 2H internal price action continues bullish. We also have some very important news releases with Services PMI and NFP being the major ones so be sure to manage your risk this week like every week.
Short
by Keyserfx
EURUSD DETAILED ANALYSISFollowing up on the guide that I posted on the weekly timeframe, internal price action on the 2H is bullish and we are currently at the OB which supports the first outcome. Price could continue down without giving us a bearish choch which is a 50/50 trade IMO. I would prefer to see a bearish choch first to increase its probability of holding. If we break above the strong week high I will try to go long with the 2H internal aiming for short term targets until I see a bearish choch to target the weekly low. There are several areas where we could see a choch but keep in mind they could just give a reaction (no choch) to then just continue going higher. The least probably but still possible outcome is for price to go above the December high if the 2H internal price action continues bullish. We also have some very important news releases with Services PMI and NFP being the major ones so be sure to manage your risk this week like every week.
Short
by Keyserfx
SPY to $650 in January?SPY recently retraced to the bottom of our Magic Linear Regression Channel with a large 3%+ move. Today, there was a nice bounce bounce from the channel bottom, back up to yesterday's open. So, what's next for SPY. The Magic Linear Regression Channel shows upside potential to it's baseline back at its recent all-time highs, and the potential for a higher move to the $630-$650 range. However, there is also the potential for it to fall back through the channel. Since we've been in a bull market for awhile now, that channel break would have to happen more definitively in order for that to be a likely scenario. We've recently introduced the Magic Candles PRO indicator, which shows high volume candles that have very little price movement. When paired with the Magic Linear Regression Channel on a 1 day chart, it tends to show reversals at key levels on the Magic Linear Regression Channel. However, because we had a large move down on Weds, Dec. 17th 2024, and a large move up on Friday, Dec. 20th 2024 and ended up at the open of Thurs., Dec. 18th 2024, we get a doji on the 2 day chart that shows a massive "volume hammer" signal not seen since 2019, 5 years ago. This signals that we are on the verge of a large sustained move. Again, because we've been in a bull market, and there aren't any very strong signs that it is over, we suspect that the large sustained move will be to the upside, because of the signal. If the price breaks down out of the channel, then we'll be in for a nice downward ride. Until that happens, though, we're bullish as we approach the all-time high again, and all the way to the $630-$650 range.
AMEX:SPYLong
by mwrightinc
2
ICT Based Indicator (PAID)ICT(OB with FVG and Liquidity Zones) The indicator demonstrated here perfectly captures critical order flow zones, liquidity imbalances, and fair value gaps (FVGs) to provide actionable BUY and SELL signals. Here’s how the indicator has worked in the attached chart for the Nifty Bank Index (15-Minute Timeframe): 1. Liquidity Zones as Support/Resistance • Sell Liquidity (SELL LQ): • The red liquidity zone (SELL LQ) has acted as a clear resistance multiple times. • Example: • Around 51,370, price tested the red zone and showed rejection, aligning with a SELL LQ signal. • This suggests institutional sellers might have been active, making it a great opportunity for short trades. • These zones are generated dynamically and adapt as price action evolves, giving real-time insights. • Buy Liquidity (BUY LQ): • The green liquidity zone (BUY LQ) perfectly acted as support around 50,485. • After testing this level, the price bounced upward, confirming a reversal and leading to a BUY LQ signal. • This zone aligns with potential institutional buying activity. 2. Order Blocks (OB) and Confluence • Bullish Order Block: • The green OB line below the price provided additional support confirmation around the same level as the BUY LQ zone. • This confluence of liquidity support and OB strength makes the signal even more reliable. • Bearish Order Block: • The orange OB line above the price acted as a critical resistance zone. • As price moved closer to this zone, SELL LQ signals were generated, indicating a possible price rejection and reversal. 3. Fair Value Gap (FVG) Insights • The Fair Value Gap (FVG) zones highlighted in blue pinpoint price imbalances. • These areas are identified where the market has moved aggressively, leaving untraded levels behind. • Example: • Price revisited an FVG zone near the BUY LQ level, confirming it as a solid support area before reversing. 4. Signal Accuracy and Trade Opportunities • BUY Signal: • A BUY signal was triggered after price hit the BUY LQ zone and showed bullish intent by breaking upward. • This aligned with the support provided by the Bullish OB line, offering a high-confidence trade setup. • SELL Signals: • Multiple SELL LQ signals were generated near the SELL Liquidity Zone, indicating bearish momentum. • These were highly reliable as the price rejected the orange OB line and continued its downward movement. 4. Signal Accuracy and Trade Opportunities • BUY Signal: • A BUY signal was triggered after price hit the BUY LQ zone and showed bullish intent by breaking upward. • This aligned with the support provided by the Bullish OB line, offering a high-confidence trade setup. • SELL Signals: • Multiple SELL LQ signals were generated near the SELL Liquidity Zone, indicating bearish momentum. • These were highly reliable as the price rejected the orange OB line and continued its downward movement. 5. Dynamic Nature of the Indicator • The indicator dynamically adapts to market structure changes and provides real-time signals based on: • Liquidity zones (BUY/SELL LQ). • Order blocks (Bullish/Bearish OB). • Fair Value Gaps (FVGs). This ensures that traders can identify key market turning points and act with precision, avoiding unnecessary noise and false signals. Key Takeaways from the Chart 1. Confluence is Key: • Signals generated in confluence with liquidity zones, OB levels, and FVG zones are highly reliable. • Example: The BUY signal at 50,485 and the SELL LQ signal at 51,370. 2. Trade the Rejections: • Liquidity zones and OB levels help traders spot rejection points for reversal or continuation setups. 3. FVG Adds Precision: • The FVG zones add a layer of precision by highlighting price inefficiencies where retracements are likely.
NSE:BANKNIFTY
by TradeTechanalysis
Bullish XRP: Adaptive RSI & Block Support Fuel Upswing PotentialCOINBASE:XRPUSD is showing promising signs of a potential upswing, driven by a bullish flip in the Adaptive RSI on the 15-minute chart, reinforced by strong order block support above $2 and confluence from other technical indicators. Technical Analysis: Adaptive RSI (15-Minute): The Adaptive RSI has recently transitioned from bearish to bullish on the 15-minute chart, indicating increasing buying pressure and a potential shift in momentum. This adaptive version of the traditional RSI is designed to adjust to changing market conditions, making it a potentially more reliable indicator of momentum shifts. ICT Killzones (Worldwide Markets): The ICT Killzones, analyzed on the worldwide market timeframe, suggest that XRPUSD may be approaching an area where volume could increase, potentially leading to a rapid move. This aligns with the bullish signal from the Adaptive RSI and adds to the potential for a quick surge in price. However, it's important to be aware that this also increases the risk of a sudden overbought condition. Supertrend Signals (AI Aggregator): The Supertrend indicator, functioning as an AI aggregator, is currently bullish. Smart Money Concepts (Order Blocks Above $2): A key factor supporting this bullish outlook is the presence of strong order block support above the $2 psychological level. This suggests that institutional buyers or "smart money" have been accumulating XRP in this area, creating a solid foundation for a potential upward move. Trade Setup: Entry: Enter a long position now that the Adaptive RSI has flipped bullish on the 10-minute chart. Stop-Loss: Place a stop-loss order below the recent swing low or a key support level identified by your indicators on the 15-minute chart, and consider placing it below the identified order block support for added security. Take-Profit: Identify potential take-profit targets based on previous resistance levels or areas of potential selling pressure indicated on the 15-minute timeframe. Be mindful of the potential for a quick overbought condition, and consider taking profits strategically as the price rises. Disclaimer: This is for educational purposes only and is not financial advice. Trading involves risk, and you could lose money. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
COINBASE:XRPUSDLong
by ubuntuba
Week of Oct 24, 2022 - Price Action StudyDownload the Chart and Use the Groups of Drawings to Navigate the HTF Bias(Trend) and Context (PD Arrays), Narrative (Probable PD Array to be reached for next), Entries (1H/15m), and Risk (CBDR and levels in chart) With the period starting mid-week Oct 24, 2022 - Thursday Journal Define Weekly Range Profile with IPDA True Day Markers Done - IPDA True Day Lines Out of IPDA 60 Day Range, Price is in the bottom of a Discount range Guess for Weekly Range Profile - Classic Tue Low of Week Reason: Tues had a lower close, my hypothesis is that Price will make the high of the week aligned with the short term weekly high from Sep 12, 2022 Therefore if Price has not reached the target Premium PD Array by the London session, I aim to buy Orderblocks into the Sep 12 Weekly High before turning Bearish (FULL CONTEXT HYPOTHESIS) On 1H Chart, you can frame the target areas you want to trade from EOD Wednesday - End of NY PM Session ends the day on a higher high and the high of the week so far Thu Asian Session - Consolidation above the 1H OB from Oct 26th The 1H OB has been wicked twice in previous NY AM Session Price has created EQ Candle lows across Wed NY PM Session and Asian Session Thu London Session - Price moves aggressively into the 1H OB I know now that I am going to drop down to the 15m timeframe to look to execute an entry Huge Detail: WE ARE LOOKING FOR A LTF PD ARRAY TO FORM INSIDE THE 1H ORDERBLOCK TO VALIDATE ENTRY London Session continues to move down into the 1H OB Thu London Session EOD (5m/15m) Shortly after 5am Close, 5m and 15m chart shows MSS and creates 15m OB Looking for Entry on PD Array on 15m Timeframe (More Probable TF) 5m if refined entry NY Session AM (5m/15m) BIG NOTE: If News coming at 830a EST, move should happen after that - try to not Trade through 830a - that is GAMBLING, not Trading Depending on news being present, entry as the following Entry Price: Top of OB - 1.157 OB 50% Threshold - 1.156 No High Impact News/Events post 830a EST: 15m candle down close inside of 15m OB With High Impact News/Events post 830a EST: After 830a or whenever time the news is released (FOMC 2p EST) Entry in Case Study if condition is present: 845am Entry in Case Study if condition NOT present: 800am May just wait for 830a since it’s closer to NY AM Session Open? Important: What made this entry work? Price never closed under OB low after entering 15m OB Price showed 15m MSS (a 2 bar close under 15m OB is low proabability) William %R Divergence: Price making Lower Lows dropping into 15m OB and Higher Highs on William %R Exit Analysis: Original Price Target: Sept 12th Old Highs (4:1 RR) | Price: 1:174 Intermediate Target(s): Asian Session Bearish OB (1:1 RR) | Price: 1.162 (50% threshold) Result: Price failed to reach Original Price Target which makes sense as there did not seem to be high impact news present - with this we would aim for 1:1 or 2:1 moves using CBDR as reference for spread Move ended up reaching 1:1 RR aligned with 1H Bearish OB BREAKEVEN Thu IPDA Range Conclusion: Asian Session created Thu High NY Session AM Distribution leg created a lower high on 1H timeframe IPDA True Day closed in Discount area of the Wed 1H OB Midnight Price closed at EQ area of the Wed 1H OB With the period starting mid-week Oct 24, 2022 - Friday Journal Define Weekly Range Profile with IPDA True Day Markers Done - IPDA True Day Lines Guess for Weekly Range Profile - Classic Tue Low of Week Reason: Wed had a higher close and made the High of the Week around 1AM Thu before selling off and creating a lower high, my hypothesis is that Price will finish the week with a choppy day or lower close than Thu Therefore if Price has not reached the target Premium PD Array by the London session, I aim to buy Orderblocks into the Sep 12 Weekly High before turning Bearish (FULL CONTEXT HYPOTHESIS) On 1H Chart, you can frame the target areas you want to trade from EOD Thursday - End of NY PM Session ends with price Idenfied Wed FVG under the 1H OB that was mitigated Thu Marked 50% level of FVG Thu Asian Session Short Rally after closing below Thu NY Close then selling off later into day I know now that I am going to drop down to the 15m timeframe to look to execute an entry Fri London Session - Price moves aggressively down into the 1H FVG Huge Detail: WE ARE LOOKING FOR A LTF PD ARRAY TO FORM INSIDE THE 1H ORDERBLOCK TO VALIDATE ENTRY Price creates a 15m Breaker Block and 15m Bullish OB in London Fri London Session EOD (5m/15m) Price trades back into Breaker Block at 5am Entry Price: 1.152 NY Session AM (5m/15m) Price Trades to Thu NY Session close before print Bearish hammer candle and close below Thu NY Session close Intermediate Price Target As price moves into NY Session, adjust 15m OB to last unmitigated candle before 830a EST BIG NOTE: If News coming at 830a EST, move should happen after that - try to not Trade through 830a - that is GAMBLING, not Trading Depending on news being present, entry as the following Same with or without News: FVG nested Breaker Block retest 845am | Entry Price: 1.152 Important: What made this entry work? Breaker Block forming on 15m timeframe aligned with 15m OB inside of 1H FVG near EQ (Strong Probablity) Exit Analysis: Original Price Target: Fri Asian Session Highs (2:1 RR) | Price: 1:159 Intermediate Target(s): Thu NY Session Close (1:1 RR) | Price: 1.156 Result: 2 Trade Opportunities London Session 530a - 730a, 1:1 (Entry/Exit/RR) NY Session AM 845a - 1045a, 2:1 (Entry/Exit/RR) If held through 4p EST close, 2.75:1 RR (2x CBDR from entry) Fri IPDA Range Conclusion: Friday closes Higher than NY Session Low We do not count Sun price action independently Confirmed Weekly Profile - Classic Tue Low of Week Price seems to be close to discount than Premium range Traded inside of Wed Oct 26th candle on Thu/Fri
Long
by EaszzzyE
Complete analysis - shooortS&P 500 Bias: • Weekly – Uptrend • Daily – Downtrend • 4H – Uptrend • 1H – Uptrend Fair Value Gap’s. • 5,740 – 5,830 on the daily • 6,038 – 5,934 on the daily, filled in by last candle • 5,979 – 6,016 on the 2H, (23 Dec 15.30 – 24 Dec 11.30) Order Block: • 6,037 – 6,063 on the 1H, (17 Dec 15.30 – 18 Dec 11.30) • 5,892 – 5,840 on the 30M (19 dec 15.30 – 20 Dec 09.30) Liquidity pool: • 5,700 • 5,854 (Got hit at 09.30 and Bullishly swept from 09.50 ending in a Premium short with the use of Equilibrium at 12.00) • 6,102 I think we are going to se it draw back in to the FVG that the last three 2H candles created before then testing the Order Block at 6,037 – 6,063 and procced to hunt the liquidity laying at 6,103 since it’s on a bullish rally on the daily since 20 Dec after hitting Liquidity laying there. Before dipping all the way down to the FVG at 5,740 – 5,830. And I think it will go on to the Premium buy side since the market would probably want to hit the Liquidity laying at 5,700. Though I really doubt it is going to hit that since we are in an weekly uptrend. From the previous reactions of all the building block I showed it seems it will still follow the same pattern if not any news shows up, I have showed prices reacting of previously named building blocks and then proceeded to predict it next moves based on that the market will continue that pattern. Ideally the best entry for a short would in my opinion be at 6,102 and above after seeing a break of structure to the downside at the 15M chart. I am pretty new to this so would love any feedback. You don’t agree with the analysis? Then please comment why so I could see you’re resoning.
SP:SPXShort
by LucasIMH
Heavy Short coming.Starting it will want to fill some orders at the fair value gap (purple rectangle) at the top before dropping, but since that level i so high i i am not sure at all it will go there first. Then we see a huge fair value gap ranging from FWB:73K to $90K, massive lack of liquidity. And market can’t have that if the idea is for it to reach even bigger ATH’s. Under that FVG you can se several Liquidity lines (4 to be exact) laying before another FVG and liquidity spot comes again. So we see that market really needs to draw down there before acceding up. Red circle marks an order block (Price range where orders where filled) so we see that liquidity has previously been filled at that level so that supports my theory even greater that market is looking to drop down to that area. There are way to much liquidity missing there and liquidity to get under there again for market to go further up then were it is standing as off now. Hope you understood my POV, would extremely appreciate just a thumbs up or down! New to this.
CRYPTO:BTCUSDShort
by LucasIMH
2
A lot of green signals in my eyes.Here i have placed 4 Fair value gap's (Purple rectangle) where 1 is already hit pefectly by that way it dip in to Equilibrium and bought at a premium price and it has responded just perfect of that for the rest of my prediction. Now, there are three pretty good Fair value gap's above, that market want's to reach so it can fill orders / Price ranges where it lacks liquidiy. Also we can se 6 Liquidity spots (Blue lines), where as 1 is under current market position (Will talk about that one soon). So market is obviously atracted to those prices so it can get some good liquidiy. And so when there is some decent looking Fair value gap's and there even is liquidty to get at those levels it is almost inevidable in my eyes that prices doesn't go up there. So even if the market would want to dip to a price of 2,550 perhaps because of the liquidity laying there it would firstly need to get all the liquidity laying above plus the fair value gaps that the market wants to fullfill. And the order blocks (red circle's) shows prices were filled at that level previously and just adds to the reason of price wanting to go up. (Daily chart) I am not the best at frasing myself, so sorry if it is a bit messy. Would love to hear feedback! Even just a thumbs down or up!
TVC:GOLDLong
by LucasIMH
3
What Is ICT Turtle Soup, and How Can You Use It in Trading?What Is ICT Turtle Soup, and How Can You Use It in Trading? The ICT Turtle Soup pattern is a strategic trading approach designed to exploit false breakouts in financial markets. By understanding and leveraging liquidity grabs, traders can identify potential reversals and enter trades with relative precision. This article delves into the components of the ICT Turtle Soup pattern, how to identify and use it, and its potential advantages and limitations, providing traders with valuable insights to potentially enhance their trading strategies. The ICT Turtle Soup Pattern Explained ICT Turtle Soup is a trading pattern developed by the Inner Circle Trader (ICT) that focuses on exploiting false breakouts in the market. This ICT price action strategy aims to identify and take advantage of situations where the price briefly moves beyond a key support or resistance level, only to reverse direction shortly after. This movement is often seen in ranging markets where prices oscillate between established highs and lows. The concept behind ICT Turtle Soup trading is rooted in the idea of liquidity hunts and market imbalances. When the price breaks out, it often triggers stop-loss orders set by other traders, creating a temporary imbalance. The ICT Turtle Soup strategy seeks to capitalise on this by entering trades in the opposite direction once the breakout fails and the price returns to its previous range​. The pattern is named humorously after the original Turtle Traders' strategy, which focuses on genuine breakouts. In contrast, ICT Turtle Soup takes advantage of these failed attempts, thus "making soup out of turtles" by transforming unproductive breakout attempts into potentially effective trades​. Typically, traders look for specific signs of a false breakout, such as a price briefly moving above a recent high or below a recent low but failing to sustain the move. This strategy is particularly effective when used in conjunction with other ICT concepts, such as higher timeframe analysis and understanding of market structure​. Components of the ICT Turtle Soup Pattern To effectively utilise the ICT Turtle Soup setup, it’s essential to understand its core components: order flow and market structure, liquidity, and internal versus external liquidity. Order Flow and Market Structure Order flow and market structure are critical in analysing the ICT Turtle Soup pattern. This involves observing price movements and traders' behaviour in different timeframes. Traders can analyse higher and lower timeframe price movements in FXOpen’s free TickTrader platform. Higher Timeframe Structure This refers to the broader trend governing the lower timeframe trend. For traders using the 15m-1h charts to trade, this might mean structure visible on 4-hour, daily, or weekly charts. Higher timeframe structures help traders identify the major support and resistance levels. These levels are essential as they mark the boundaries within which the market generally oscillates. Traders use these to determine the prevailing market direction and potential areas where false breakouts (stop hunts) are likely to occur​. Lower Timeframe Structure Lower timeframe structures are examined on hourly or minute charts. These provide a more detailed view of price action within the higher timeframe’s range and account for the bullish and bearish legs that dictate a broader higher timeframe trend. Liquidity and Stop Hunts In general trading terms, liquidity represents how easy it is to enter or exit a market. However, in the context of the ICT Turtle Soup pattern, areas of liquidity can be identified beyond key swing points. Stop Hunts Stop hunts, also known as a liquidity sweep, occur when the price temporarily moves above a resistance level or below a support level to trigger stop-loss orders. This movement creates a liquidity spike as traders' stops are hit, providing a favourable condition for the price to reverse direction. ICT Turtle Soup traders seek to exploit these moments by entering trades opposite to the initial breakout direction once the liquidity is absorbed. Internal and External Liquidity Understanding internal and external liquidity is vital for applying the ICT Turtle Soup pattern effectively. Internal Liquidity This refers to the liquidity available within the range of the higher timeframe structure. It involves identifying smaller support and resistance levels within the larger range. For example, in a bullish leg, there will be a series of higher highs and higher lows; beneath these higher lows is where internal liquidity rests. This internal liquidity will be targeted to form a bearish leg as part of a higher timeframe bullish trend. External Liquidity This involves liquidity that exists outside the key highs and lows of the higher timeframe trend. To use the example of the bullish leg in a higher timeframe bullish trend, the low it originated from and the high it creates as the bearish retracement begins count as areas of external liquidity. Order Blocks and Imbalances While not directly involved in the ICT Turtle Soup setup, understanding order blocks and imbalances can provide insight into where the price might head and the general market context. Order blocks are areas where significant buying or selling activity has previously occurred, often due to institutional orders. These blocks represent zones of support and resistance where the price is likely to react. Bullish Order Blocks These are typically found at the base of a significant upward move and indicate zones where buying interest is strong. When the price revisits these areas, it often finds support, making them potential entry points for long trades​. Bearish Order Blocks Conversely, these are located at the top of significant downward moves and signal strong selling interest. These zones often act as resistance when revisited, making them strategic points for short trades​. Imbalances Imbalances, or fair value gaps (FVGs), are price regions where the market has moved too quickly, creating a significant disparity between the number of long and short trades. These gaps often occur due to high volatility and indicate areas where the market might revisit to "fill" the gap, thereby achieving fair value. In other words, when a price rapidly moves in one direction, it leaves behind an area with little to no trading activity. The market often returns to these imbalanced zones to facilitate proper price discovery and liquidity. How to Use the ICT Turtle Soup Strategy Here's a detailed breakdown of how traders use the ICT Turtle Soup pattern. Establishing a Bias Traders begin by analysing the higher timeframe trend, such as the daily or weekly charts, to establish a market bias. This analysis helps determine whether the market is predominantly bullish or bearish. Identifying this trend is crucial as it guides where to look for potential Turtle Soup setups. For instance, the example above shows AUDUSD initially moving down after a bullish movement off-screen. It eventually breaks above the lower high, indicating that the higher timeframe trend may now be bullish. Similarly, the shorter-term downtrend beginning from mid-May also saw a new high, meaning a trader may want to look for long positions. Identifying Internal Liquidity Once the higher timeframe trend is established, traders look for a move counter to that higher timeframe trend. In the example shown, this would be a downtrend counter to the bullish structure break. They mark levels of internal liquidity; in a bullish leg, these would be below swing lows and vice versa. These areas are likely to attract stop-loss orders. Looking for Liquidity Taps The next step involves waiting for these internal liquidity areas to be tapped. This typically happens when the price briefly breaks through a support or resistance level, triggering stop-loss orders before quickly reversing direction. Ideally, the price should tap into the same area or order block where the internal liquidity formed and then exhibit a quick reversal, often leaving just a small wick. This movement indicates a liquidity grab, where large players have taken out stops to facilitate their own orders. Lower Timeframe Confirmation After identifying a liquidity grab beyond this internal liquidity level, traders look for an entry. On a lower timeframe, they look for a similar pattern: internal liquidity being run and a subsequent break of structure in the direction of the higher timeframe trend. This involves price retracing back inside the range to fill an imbalance and meet an order block, which provides a precise entry point. Executing the Trade Once these conditions are met, traders typically enter the market. Specifically, they’ll often leave a limit order at an order block to trade in the direction of the higher timeframe trend. They place a stop loss just beyond the liquidity grab, either above the recent high for a short trade or below the recent low for a long trade. Profit targets are often set at key liquidity levels, such as previous highs or lows, where the market is likely to encounter significant activity​. Potential Advantages and Limitations The ICT Turtle Soup pattern is a trading strategy with several potential benefits and drawbacks. Advantages - Precision: Allows for precise entry points by identifying false breakouts and liquidity grabs​. - Adaptability: Effective across different timeframes and market conditions, including ranging and trending markets. - Risk Management: Built-in risk management by placing stop losses just beyond the liquidity grab points. Limitations - Complexity: Requires a deep understanding of market structure, liquidity, and order flow, making it challenging for less experienced traders​. - Market Conditions: Less effective in highly volatile or illiquid markets where false signals are more common. - Time-Consuming: Demands continuous monitoring of multiple timeframes to identify valid setups, which can be time-intensive. The Bottom Line The ICT Turtle Soup pattern offers traders a powerful tool to identify and exploit false breakouts in the market. By understanding its components and applying the strategy effectively, traders can potentially enhance their trading performance. To put this strategy into practice, consider opening an FXOpen account, a reliable broker that provides the necessary tools and resources for trading. FAQs What Is ICT Turtle Soup in Trading? ICT Turtle Soup is a trading pattern that exploits false breakouts. It identifies potential reversals when the price briefly moves beyond a key support or resistance level, triggering stop-loss orders before reversing direction. This strategy aims to take advantage of these liquidity grabs by entering trades opposite to the initial breakout direction​. How to Identify ICT Turtle Soup Conditions? To identify the ICT Turtle Soup pattern, traders analyse higher timeframe trends to establish market bias. They then look for counter-trend moves and mark internal liquidity areas. The pattern is identified when the price taps these liquidity zones and reverses quickly, often leaving a small wick. This signals a liquidity grab and potential trade setup in the direction of the higher timeframe trend​. How to Use the ICT Turtle Soup Pattern? Using the ICT Turtle Soup pattern involves several steps. First, traders establish a market bias based on higher timeframe analysis. Then, they look for liquidity grabs at marked internal liquidity areas, indicating false breakouts. The next step is to confirm the setup on a lower timeframe by observing a similar liquidity grab and structure break. Lastly, they enter trades in the direction of the higher timeframe trend, placing stop losses just beyond the liquidity grab and targeting key liquidity levels for profit-taking​. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
GBPJPY Analysis - SellGBPJPY Analysis Overview 1. Seasonality: GBP: Bearish — Historical data for this time period shows GBP typically weakens. JPY: Bullish — Seasonal trends favor JPY strength, aligning with a sell bias for GBPJPY. --- 2. COT Report (Commitment of Traders): GBP: 4-week flip indicates a Sell bias. JPY: 4-week flip indicates a Buy bias. Non-commercial long positions are increasing, indicating strong demand for JPY. --- 3. Fundamental Analysis: LEI (Leading Economic Indicator): GBP: Decreasing — Suggests economic slowdown and bearish momentum for GBP. JPY: Range — Neutral economic outlook, but overall supportive of its safe-haven appeal. Endogenous Factors: GBP: Decreasing — Internal economic conditions are weakening, favoring a sell bias. JPY: Increasing — Positive domestic factors support JPY strength. --- 4. Exogenous Factors: GBPJPY: Classified as a Strong Sell due to broader external influences such as global risk aversion and JPY's safe-haven demand. --- 5. Technical Analysis: On the 4-hour chart: There is a visible order block and a fair value gap (FVG) in the price structure. The price has retraced to 50% of the order block, presenting a favorable opportunity to enter a short position. Confluence from bearish market structure and resistance zone further validates the sell setup. --- Bias: Strong Sell Based on seasonality, COT data, fundamentals, exogenous influences, and technical analysis, GBPJPY is poised for a significant downside move. Look for selling opportunities at or near the current resistance levels within the order block.
Short
by asadamalik
4
Gold Pullback to Buy Zones Before 2737 TargetTrading Idea Summary CAPITALCOM:GOLD TVC:GOLD The price has been very **bullish**, and the initial expectation was for it to reach and test the **4-hour order block at 2737**. However, it is now pulling back to **strong buy zones** before continuing higher. --- Updated Analysis: 1. **Pullback to Key Buy Zones:** The price is approaching critical support levels, such as **Fibonacci 0.5** and high-volume areas. 2. **Preparing for Further Upside:** These zones can serve as good entry points for the continuation of the bullish trend. --- Strategy: - **Entry:** Around Fibonacci 0.5 (2,669-2,670) or the "golden pocket" zone (0.71-0.75). - **Target (TP):** 2737 (4-hour order block). - **Risk Management:** Stop-loss below high-volume areas, maintaining at least a 1:2 risk-to-reward ratio. ### Conclusion: The price is showing a healthy pullback, creating a great buying opportunity before resuming the bullish trend towards 2737.
TVC:GOLD
by GlebalTrader
Gold Pullback to Buy Zones Before 2737 TargetTrading Idea Summary CAPITALCOM:GOLD TVC:GOLD The price has been very **bullish**, and the initial expectation was for it to reach and test the **4-hour order block at 2737**. However, it is now pulling back to **strong buy zones** before continuing higher. --- Updated Analysis: 1. **Pullback to Key Buy Zones:** The price is approaching critical support levels, such as **Fibonacci 0.5** and high-volume areas. 2. **Preparing for Further Upside:** These zones can serve as good entry points for the continuation of the bullish trend. --- Strategy: - **Entry:** Around Fibonacci 0.5 (2,669-2,670) or the "golden pocket" zone (0.71-0.75). - **Target (TP):** 2737 (4-hour order block). - **Risk Management:** Stop-loss below high-volume areas, maintaining at least a 1:2 risk-to-reward ratio. ### Conclusion: The price is showing a healthy pullback, creating a great buying opportunity before resuming the bullish trend towards 2737.
TVC:GOLD
by GlebalTrader
USDCAD Bulls Eye 1.4140 Amid Momentum ShiftHello Traders, Take a moment to read my outlook on USDCAD, and share your thoughts Overview USDCAD is currently trading at 1.40623, showing bullish trends on both the H4 and H1 timeframes. However, the bullish momentum on the H4 appears to be weakening, suggesting the uptrend may be nearing a potential reversal zone. Market sentiment remains bullish, supported by increased volatility, but momentum on the H1 timeframe has noticeably decreased, signaling reduced upward strength. Idea The pair is expected to continue its rise toward the 1.4140 price region, a key resistance level with the potential to halt further upward movement and trigger a bearish reversal. Price action is currently rejecting off the H1 order block, which could act as a short-term support level. I will monitor the 1.39797 level closely, as a break below this support would invalidate the bullish outlook, signaling a potential shift in market structure. Conversely, a sustained move above the 1.4140 resistance would indicate renewed bullish momentum and the possibility of further gains. Conclusion This outlook suggests further upside potential toward 1.4140 which is about 80pips move. However, a clear break below 1.39797 would invalidate this idea, and could provide opportunities for short positions. Cheers and happy trading!
Long
by Samuel124
1