Watching this trade develop. I've taken a small trade in EU for this potential bullish setup. I've outlined that my overall bias is still bearish until I see major movement from the DXY that suggests otherwise. I'm taking a small trade to test this 30m FVG and see if the market is ready to move opposite of my bias. Even though my bias is bearish in foreign...
I've been anticipating a bearish ICT breaker setup in GU and EU if the DXY gives more bullish price action. I still hold a bearish bias in foreign currency since the DXY has continued to show bullish over the past few months. The only thing that would change my bearish foreign currency outlook is if the DXY provides clear and substantial bearish movement. Which to...
Here's a quick synopsis on how I use ICT's content on determining the higher/lower timeframe bias. This video may be helpful to traders who have a hard time knowing which direction to choose when trading.
Looking at a potential GBPUSD short today. News comes in at 10:00am, so we will be waiting until around that time for larger entries, but the DXY looks like it may attack the old 2002 fair value gap, which would likely cause correlated foreign currency to attack recent lows. I like GU most today since it has already formed ICT's Breaker on the 15m chart and has...
Short on EURUSD with the presence of a higher timeframe run on liquidity, and a 15 minute breaker(blue lines), followed by a 15 minute fair value gap (yellow lines) right across from the breaker. Price traded into both the breaker and fair value gap and has respected the area. On the 5 minute time frame we can see price respecting a few more FVGs recently. Targets...