EURUSD potential Forecast | 14th November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for 14th November 2022.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
- I notice that price closed on the Daily with a very strong bullish candle
- Also spotted the BSLQ at 1.03688
Idea
Looking for price to clear the BSLQ at 1.03688, where heading towards the Daily Supply zone at 1.04171.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
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Regards,
Chen Yongjin
SMC-ICT
EURUSD potential Forecast Freaky Friday | 4th November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Analysis
I still have an overall bearish bias for EURUSD. Through my observation, I like how the chart has a relatively nice order flow where price is retracing up and tapping into the Fair Value Gaps before heading back down.
Idea
Expecting price to possibly continue bearish to head towards the H1 Demand Zone at 0.97018 where there are Relative Equal Lows resting just right above it.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential forecast | 2nd November 2022Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade Idea
- Price rebounded off the fair value gap and market inefficiency as noted by the FVG zone.
- Anticipating price to continue moving down in light of the upcoming FOMC meeting.
- There is a possibility of FOMC pushing price further down.
- Price is still BEARISH structurally and is forming lower lows and lower highs.
These are my confluences to why I believe price can continue headed down.
Do leave a boost and a comment!
Will love to hear everyone's opinion on EURUSD now.
EURUSD potential Forecast for New York | 1st November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Fundamental news release 10am NY
- Shorting EU downwards due to the bullish USD news with the JOLTS Job Openings being better than previous + forecast
- Construction spending also was way better than previous + forecast
Entry
Short to the Unmitigated H4 Fair Value Gap at 0.98007
Always use confirmation entries on the lower timeframe for entries! Stay safe trading guys!
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EURUSD: Direction bias for the week!!! EU has just given us a sign of institutional backing on the bullish side, and that was the market structure shift (MSS) that happened on the daily TF last week.
We had a failure swing point to go lower below the previous low and that was the smart money trapping more sellers, they finally displaced above the short term high formed.
now we have a high probability bullish bias for the week.
Confluences:
📌. After the displacement above the short time high created on the daily TF last week, we have price left a fvg.
📌. IPDA, currently repricing to go higher for the week by trading from premium to discount P.D-Array matrix where they'll be looking to long on EU.
📌. Today is tuesday, and we're likely to create the low of the week today cause price has now traded into the discount of the previous bullish price swing on daily, and has also filled In the fvg In the discount.
📌. looking for the smart money to engineer liquidity below the previous day low today and see them buy into a premium PD-array as an expansion for the larger time frames.
📌. Targeting liquidity pools above the old high and equal highs above.
📌. we now have the buyside open float, which means the smart money has shifted their interest to be bullish.
Conclusion:
We have an order block as shown in the image, we're going to see smartmoney manipulate into that.
The bias for this week is bullish, looking for long opportunities is likely to be more probable than the shorts.
StefanFX.....
EURUSD: THE START OF A BULLISH ASSIGNMENT. EU just retraced Into a discount and we just seen it mitigate order block shown on the chart in the discount.
we've just mitigated a long time Order block last week and the smart money have been closing their long term short positions for long due to the fact that we're also In a decade price range discount...
we saw a bullisb impulsive move last two weeks and that is the smart money showing that they are now ready to bring in the long position Into the market.
I'm expecting EURUSD to seek for the liquidity above the eqal highs shown in the image, move Into a premium PD-arrays where we have the fair value gap, and might also seek for the liquidity above the initial swing point old high.
This is the Central banks dealers range for this week.
conclusion
This week will be very bullish on EURUSD.
STEFANFX.......
EURUSD potential Forecast for today | 31st October 2022Hi there guys!
I will be using SMC + ICT Concepts for my analysis.
I'm looking for a potential sell entry on EURUSD on the H1 Chart towards the 0.98755 level where the H4 POI is located.
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Any questions feel free to ask me I will try my best to answer them.
USDCHF Bullish Wave Triangle CorrectionUSDCHF will most likely continue to rise meaning that the main objective is the Bullish direction, I wouldn't consider taking the countertrend move even though it's optimum but not worth it. It's safe to wait for a Triangle correction pattern completion before buying still keeping in mind the fact that waves 1 and 4 never overlap.
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Long position idea on $TRB [risky!]Quite a simple straightforward trade which could prove to be a big fail considering the FUD going around the project and how it is being called the next $LUNA but from a pure TA point of view this is a very valid trade.
Using adequate risk percentage / position sizing is vital and I can't stress enough on that.
Crazy funding rates on exchanges right now as well; -1.5% on ByBit right now for an example and that on its own is worthy of a shot at a long imo.
Entry and target zones marked.
LFG 🚀
EU weekly Fair Value Gap Entry Price traded up into a weekly sale side imbalance last week so my bias for this week will be bearish and I believe that we will have a down close weekly candle.
When the market open price gapped up leaving a volume imbalance. I also believe that interbank sellers push price up into a premium fair value price in order to sell short. That's my buyers for the week I am an intraday trader so I will be looking for shorts in between London open and London close specifically looking for entries at New York open between 8:30 a.m. to 9:30 a.m. I hope you find this insightful trade safely.
EURGBP and XAUUSD ForecastXAUUSD Analysis
The possibility of GOLD to buy are slightly high, but we do have to look at the old low which can be used as an invalidation level as waves 1 and 2 are never equal. We could potentially see price rally we reached the 78.6 Fibonacci golden zone. And the recent down wave looks to be corrective than impulsive.
EURGBP Analysis
The upside is potentially over as the impulse move pattern looks complete wave 1 and 4 are equal, waves 1 and 4 not overlapped. Chances are we will soon see price unfold as correction pattern( corrective phase).