Road_2_Funded

Road_2_Funded

(Refer to my Weekly analysis for US30 and DXY) On lower timeframes I have 3 areas I want to anticipate a long to go to the short POI. Ideally, we don't see a daily close out of that thin yellow box (Daily Bisi). There are 3 lines of defense for price to reach to and find support. 1st line of defense is a Breaker with CE of a wick and a gap, which looks very...

Road_2_Funded

The end of the week will show if we have bottomed here, but I have 2 areas of interest: Where we are already in this weekly Sibi to either give up the ghost and drop lower, or go into the 2-week Sibi and then either break down or continue up and then find it as support soon after to proceed higher. Gut instincts and based on my sentiment for the USD is that we...

37:18

Road_2_Funded

Deciphering price using ICT Concepts.

Road_2_Funded Updated 

The Dollar Index has hastily reached my objective on the Weekly/Monthly timeframe. The question now is will we still move higher. I think we will. Of course, we can make predictions and assumptions, but we wait for price action to tip its hand to us. I have 3 levels where I am looking for a continuation to the upside next week onwards. 1. There is a New Month...

Road_2_Funded Updated 

My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe. Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally...

Road_2_Funded Updated 

My bias is still lower prices for now (refer to my higher-timeframe ideas). However, am interested to see if these trade ideas play out, at least one of them. What is important to me is the day of week, and the time of day, engineered liquidity, along with any scheduled economic news drivers.

91:54

Road_2_Funded

Deciphering price using ICT Concepts.

Road_2_Funded Updated 

EU outlook. According to my DXY bias, I'm anticipating higher prices on EUR/USD. I don't believe this is the end of the road for higher prices. Looking for possible one more fall into the Daily FVG and Weekly iFVG. There is a nice setup for a long already on the lower timeframes, which could pan out before dropping further. Same thing, anticipating the Monthly...

Road_2_Funded

Considering my bullish bias on the DXY, and the currently bearish price action on GBPUSD, I am anticipating price continuing lower with a short-term objective of a Weekly Wick's Consequent Encroachment. Price bottomed off a Weekly Bisi to the tee, and closed above a NWOG at big figure 1.2200, leaving a Weekly Sibi in it's wake. There are 2 areas I am currently...

177:25

Road_2_Funded

Decyphering price using ICT Concepts.

Road_2_Funded Updated 

If price doesn't reach the final 30m Sibi, I would like to see a possible long entry form. I am anticipating the annotated 30m Bisi (R2F) to be a POI for an entry, but if the current candle doesn't break its low, then a new potential area would have formed. This is a counter-trend trade, so swings are not recommended until further confirmation. For better RR,...

Road_2_Funded

Long and short scenario for EURGBP. Scenario (A) is relying on a reversal from a Bullish 4h Breaker Block before moving higher. Scenario (B) is relying on a retracement from a Bullish 4h Breaker Block up into a Bearish 4h Breaker Block before moving lower.

119:20

Road_2_Funded

Reading price action daily using ICT Concepts.

Road_2_Funded Updated 

How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside. I really like the...

Road_2_Funded Updated 

Based on my DXY analysis, I will be expecting lower prices on GBPUSD. I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting...

Road_2_Funded

Past couple of weeks we've the DXY continually rebalancing immediately and pushing higher. Last week's high stopped right in its tracks at the Mean Threshold of a NMOG. Random, right? Other than that, nothing of too much in interest in terms of a swing trade POI. However, I will still be expecting price to push higher. (See previous analysis on the DXY).

Road_2_Funded

EURUSD is still digging lower, recently attacking Sellside Liquidity in the form of relative equal lows and a Monthly low. On the Weekly timeframe there is nothing that piques my interest. Price has been going from PDA to PDA on its way down. I still anticipate it heading low for more relative equal lows, which coincides with my bullish bias for the DXY.

Road_2_Funded Updated 

Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper...