This setup is based on my interpretation of ICT concepts. All credit of these concepts go to ICT.
Equal Lows were created duing the Asia session. These lows were raided during the London open session, with a strong expansion upwards, and a shift in market structure. That expansion created a Fair Value Gap (FVG). I am expecting a retrace into that FVG (which...
This idea uses the ICT concepts, and is only my interpretation of these.
Price action has been bearish for a number of weeks, bringing price down to the OTE area on the weekly chart. Seasonal direction also points to a change in USD direction, normally towards the end of November, so this trade is in anticipation of that change in direction. It coincidces with...
Price has made a sharp move up following CPI news, setting tone for remainder of the week. 1D bias is bullish, 1D Fair Value Gap is the target to fill. I am expecting a retracement to the origin of the sharp move yesterday, which falls in line with ICT OTE concept and 1D horizontal support & resistance area. Only enter long if this retracement to the OTE occurs...
A 4h inverted head and shoulders setup has formed after a 5 wave move to the down side. On the AO there is clear divergence between the low of W3 and the low of W5. Enter at break of right shoulder, with SL below low of right shoudler. Profit target is just below 200EMA on 4h chart.
There is an inverse head and shoulders setup for the 4h chart on the USDJPY. This setup follows a 5 wave move to the downside, with divergence on the AO between wave 3 and wave 5. This is backed up by support off the 106 level last week and the stochastic (21,7,7) indicating momentum has started to turn to the upside. Enter on the break of the neckline (close...
