Smctrading
XAUUSD, waiting for intraday ICT Short setup Plan to trade on February 16
🔥 XAUUSD SELL zone 2020 - 2022
🔹SL 2025
🔹TP 2010 - 2000
XAUUSD H4 and Higher Timeframe in Downtrend 💵💵💵
Yesterday retraced up back to Fib. level 50% to 2008.25
So we are looking forward and M15 and H1 ICT short setup for trading.
Key Level target is 1993.6
Supply Zone 2008.2 to 2022.2
Demand Zone 1985.7 to 1922.4
GOLD: Will price fill the imbalance of 1983 region? Gold rejected at 2078 and dropped down to 2030 where it had some correction in the price movement. Today price touched $2050 and from that area we saw a strong selling pressure, if price do continue to drop, we may see it hitting 2020$ key level first and then 2000$ key level will be our second area of exiting the trade. Though 1980$ is our final target.
Second scenario is where we might see price filling the buy side price void area in the region of 2065$ if that is the case then it would likely to occur after the news volatility kicks in tomorrow.
So what do you think about gold future?
GBPJPY wave structure at 4H, 15M timeframeDay is uptrend => current is correction
4H is uptrend => current is correction
15M is dowtrend
Current price is in the demand zone of the 4H, Daily time frame.
There is a high possibility that the price will increase again.
To confirm the price increase again, we wait for the price to surpass the strong swing top of the 15M time frame
CADCHF Bearish Opportunity - Orderblock SMC FVG📉 CADCHF Bearish Trade Setup - Notable Orderblock SMC FVG Identified
🔍 Technical Analysis:
CADCHF presents a compelling bearish opportunity as it approaches the Orderblock SMC FVG zone.
Historical analysis suggests this area has served as significant resistance in the past.
Monitoring closely for potential bearish confirmation signals.
📊 Trade Plan:
Entry Point: Consider initiating a short position upon rejection or bearish confirmation within the Orderblock SMC FVG zone.
Stop Loss: Place above recent swing high to effectively manage risk.
Take Profit: Targeting potential support levels or prior lows.
🚨 Risk Management:
Employ sound risk management techniques, ensuring exposure is controlled.
Stay updated on economic events impacting CAD and CHF.
📈 Disclaimer:
This is not financial advice. Perform due diligence and trade responsibly.
👉 Note: Continuously monitor price action for real-time adjustments.
Happy Trading! 🌐💹
US100 17486.5 +0.34 % SHORT IDEA MTF 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great 🛑
A look at NASDAQ ahead of the day 📌
NASDAQ 4H TF
* Looking at US100 from the 4H we see a break above BSL
* FULL BODY closure above possibly signaling continuation.
* If we see momentum back into the range i would be looking for shorts.
* But for now NASDAQ is signalling some strong BULLISH momentum.
* Especially because of that body closure.
US 100 1H TF
* On the 1h alike, strong bullish momentum in play.
* Retracement into some of the internal LIQUIDITY possible.
* looking for some retracement into PD ARRAYS ( FVG + OB)
* & should they hold looking for continuations with the bulls.
NASDAQ 15 M TF
* ASIAN highs taken
* Possibly signaling a bullish NY
* TRADE IDEA
1. london open - short setup for asian lows
2. long set-ups NY session.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
DXY 103.413 - 0.11 % SHORT IDEA MTF 🐻🐻🐻HELLO TRADERS
Hope everyone is doing great 🛑
A look at DXY ahead of the day 📌
DXY 4H TF
* Looking at DXY from the 4H we see a break above BSL
* Swept BSL but traded back into the range with some bearish momentum.
* If we see momentum back into the range i would be looking for shorts.
* Looking for some short ideas on the dxy.
* Especially because of that body closure back into the range.
DXY 1H TF
* On the 1h alike, strong bearish momentum in play.
* Retracement into some of the internal LIQUIDITY .
* looking for some retracement into PD ARRAYS ( FVG + OB & balance price range)
* & should they hold looking for continuations with the bears.
DXY 15 M TF
* ASIAN LOWS taken.
* Possibly signaling a bearish NY SESSION.
* TRADE IDEA
1. london open - bullish setup for asian highs
2. short set-ups NY session.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
NZDJPY SHORT - Orderblock SMC FVGNZDJPY Short Trade Setup - Eyeing Orderblock SMC FVG
🔍 Technical Analysis:
NZDJPY is showing potential for a short trade as it approaches the Orderblock SMC FVG zone.
Historical analysis suggests this area has acted as significant resistance in the past.
Monitoring for potential bearish signals.
📊 Trade Plan:
Entry: Consider shorting upon rejection or bearish confirmation within the Orderblock SMC FVG zone.
Stop Loss: Place above recent swing high to manage risk effectively.
Take Profit: Targeting support levels or previous lows.
🚨 Risk Management:
Employ proper risk management strategies.
Stay informed about economic events affecting NZD and JPY.
📈 Disclaimer:
Not financial advice. Conduct own analysis. Trade responsibly.
👉 Note: Monitor real-time price action for adjustments.
Happy Trading! 🌐💹
XAUUSD: 4 Hour View! Dear Traders,
Two possible areas to sell Gold, firstly, 2030-2035 where price is likely to left strong wick, a smart area to keep a eye at. Second, possible area is at 2050 which remain key premium selling level though it is very unlikely for price to reach to that level. 60-100 pips stop loss is suitable for the idea, while setting take profit at 1980 will give us nice 350 pips.
Good luck and trade safe ;)