SMC-ICT
ADAUSDT Pitchfork, .618 Resistance, Bearish MS, Price Action Evening Traders,
Today’s analysis – ADAUSDT – trading in a constructive downtrend with another potential lower high intact,
Points to consider,
- Price Action Corrective
- .618 Resistance
- Pitchfork .618 Resistance
- VAH Confluence
ADAUSDT’s immediate price action is corrective and is has rejected from a key level, allowing for a bearish bias.
The level has confluence with the .618 Fibonacci of the Pitch fork and the Fib Retracement ratios, this adds more sifnigicane.
The immediate objective is the lower end of the pitch fork, this will continue the overall bearish market structure.
Overall, in my opinion, ADAUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
Trading is mostly a waiting game. if you want action that happens on your own terms, you’re in the wrong field.
EURUSD| Short Term Buys. EU has finally repriced to go lower for the whole of December but we're getting a lshodt term retracement on EU before finally selling off.
We can also as week see the opposite happening on Dollar index ..
Confluences:
We've just currently swept liquidity below an old low las week leading to the low we have today during Asian session, and price has impulsively displaced higher with a fvg creating a bullish open float and a bullish institutional swing point, showing that the smart money are ready to go bullish.
Expectations:
We are likely to see price trade into the discount of the bullish price swing created today and buy off of the bullish order block highlighted.
Conclusion :
if price trades into the discount of the bullish price swing, I'll be capitalizing on a short term long position to the relative Equal highs above where we have buy stops and the stops of those who previously had short positions in the market .
StefanFX ....
EURUSD potential Forecast CPI news | Tuesday 13th December 2022Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for Tuesday, 13th December 2022 for the US CPI news release .
Idea
Those are possible trade ideas with buy stop and sell stop on the chart.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
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Regards,
Chen Yongjin
Bitcoin is up? Lets see.Bitcoin fall down this morning to 16680 and started going up after clearing liquidity and now the price is heading to the next supply zones.
We can see some imbalance in both sides, but the downside got filled somehow. and no there is some imbalance left above.
Like it if you agree!