SMC-ICT
Possible Bearish Scenario Silverwe had a market structure shift (Ch) that could tell us that silver might be bearish aswell as there are a lot of imbalances to still take after price moved very hard without pullbacks. I also see that we broke some 4H trendlines as an extra confluence. For now i will be waiting for a Break of structure to signal that silver wants to go down. this is just a possible scenario, i just wanted to share it with you guys.
AUDCAD Short TradeMARKET PHASE
OANDA:AUDCAD is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has already started it's initial move down, the velocity of the downward move caused a gap in price around 0.89169. Price retraced to this level, triggering our entry and has continued downwards.
TRADE
I will be entering short on OANDA:AUDCAD with the following parameters:
Sell Limit: 0.89169
Stop Loss: 0.89239
Take Profit: 0.88889
USOIL LongReason:
Market structure is bullish
Fair value gaps
Break of structure
COT data showed me that last week smart money have been going long on OIL
i always take trades on the 0.8 level of fibonacci retracement but ive been trying something different and enter on the 0.618 level and have a set R.R of 2.5. dont see this as a signal but just an idea
COTIUSDT.PAs depicted on the chart, both the 4-hour and 1-hour trends indicate an upward movement in the market. Additionally, the price is approaching the 4-hour Point of Interest (POI), which is considered a strong zone due to the significant uptrend. Therefore, placing a pending order for a buy position seems more probable. However, it's advisable to set the take profit (TP) after the completion of the 1-hour trend.
ONEUSDT.PIn the 1-hour time frame, the 1-hour order block (OB) hasn't been confirmed yet. Its confirmation depends on the 1-hour break of structure (BOS), which hasn't validly broken the recent low. If a short position is taken with a target set at the 4-hour order block, there might be fluctuations before bouncing from that zone.
On the flip side of this analysis, the 1-hour order block is not confirmed as a take-profit point for a long position.
LITUSDT.PLITUSDT.P bounced from 4H POI and might go upper and in the following i expect the last position