Had a bullish bias going into today's session based on the daily timeframe close from last week. First entry was botched but got in again successfully. Trade still ongoing.
The Nasdaq has been full on bearish for January which is in line with it's seasonal tendency and as such I'm anticipating further downward movement this week into the imbalances below. Though there's also a possibility of a pull back to clear buyside liquidity before continuing down into the imbalalnces. Have to wait to see.
Gold has been bullish for quite a while now and continues to be with normal retracements on the way. It's currently retracing and as such anticipating further downward movement to around 1823.26, then upward again. So if taking trades on gold this week, looking for shorts into that area.
EU has been consolidating for quite a while now but now seems to breakingout to possibly continue it's downward trend have swept buyside liquidity on the Weekly and Daily TFs. The pattern drawn out is that of AMD (Accumulation, Manipulation, DIstribution - ICT's Power Of Three. And so my anticipation is that peice will continue bullish as a retracement into the...
GJ is currently bullish but anticipating a slight rejection after price reaches the 50% imbalance on the daily. So there are buys in the direction of the imbalance and short sells after, then anticipating price will continue bullish after those short term stops.
The Logic: Overall EU is bearish from the weekly and Monthly TFs. Also on the weekly TF price has broken key structure, moving towards the downside, hence I'm anticipating a pull back to the OB which caused the break of structure, then a continuation downwards. On the daily TF, price has created a shift in market structure upwards, possibly signaling the pull back...
Price did a sweep of the equal highs, drawing on liquidity that was resting above. With a bearish bias, I am anticipating that price will return to the IC that swept liquidty and continue downwards. There's also liquidity resting below and I anticipate a sweep of those lows as well.
Gold continues to be bullish, showing no signs of weakness, with significant breaks of structure to the upside. I anticipate the bullish momentum will continue up to the D1 POI, (Weekly High) denoted on the chart. After that I anticipate full bearish momentum. Will be looking for buys up the POI.
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Expecting a liquidity sweep and order block mitigation then continuation to the downside.
The long term trend on this pair is bearish but we're currently seeing reversal signals. Liquidity has been taken below and above the ranging area. But wih the reverals indications, a counter trend trade is possible, yet I'd not set my TP too far up, as price may not return to the order block that caused the previous break of structure as yet. Remeber there will...
Price made a draw on liquidity below the areas highlighted in grey, hence I'm now expecting a return to the institutional candle highlighted in yellow as the large players have to mitigate (close) those sell positions opened in order to continue in their buy positions. My buy limit entry will be set at the 50% mark of that bullish order block as price is expected...
Directional bias is short term bullish. A large institutional candle is seen on the 30 minute time frame which indicates a stop hunt on liquidity resting in that area. Therefore I'm looking for price to return to mititgate that entry position created by the banks and then continue upwards. It is already doing that.
My directional bias is bullish based on the higher time frames: M,W, D TFs. I found a point of interest (POI) as outlined in the label on the chart, then proceeded to refine the point of entry. Point of interest was found based on the break of structure(BOS) and identifying the Order Block (OB) which created that strong impulse to the upside. Another confirmation...