Orderblocks outlined with respective colors. Good luck!
EURGBP added to short position @0856
Shorting for about 60 pips from here. Larger timeframe shorts have been active since a couple of days. This one is adding to position.
We may've reached a vital bullish orderblock which is in the way. The monthly shows potential signs of a continuation in downtrend.
For downmove Price took out the old pre-brexit high (23-06) We're at a massive bearish orderblock (purple area) Reached 61,8% retracement and almost had a 70.5% Optimal Trade Entry (ICT) The above three points define the Turtle Soup (street smarts) making a downmove probable however For upmove We also reached an old (smaller) post-brexit...
General trend down, since mid 2015 Strong bullish candle after consolidation, prior to downmove in april forms bearish orderblock Pullback formed on a .--80 institutional level. Protecting their stops, institutionals might begin reaccumulation around .749 - .755 Not trading, just analyzing. Good luck!
I'm curious to test my knowledge of orderblocks once more, it should not hurt to fail. EURUSD has been bearish for a long time, this last move up was rather sharp. The lower timeframe shows multiple stabs into the ICT bearish orderblock shown here. Lower targets are medium term so, we're talking weeks from now. We'll reach for liquidity underneath the swing...
15 minute and 5 minute charts are really low timeframes already. Especially for swing traders so let me be clear about the fact that higher timeframe and lower timeframe are to be seen as relative terms here. ----- We can see the following happening: - in the 15min timeframe there's a clear accumulation going on. - There's a run up towards old resistance and an...
Here we can see the market maker's sell model at work. An initial accumulation, with two runs towards resistance, with the institutionals reversing course back down into large liquidity pools (easy money). There are two potential distribution areas because 1) EUR is not 'that' strong 2) GBP is not 'that' weak either so at the moment I'm unsure which of the...
I wanted to take a moment and train myself into recognizing the ICT accumulation / reversal / distribution. We can see this pattern come back to us on many occasions but this one is particularly easy to spot and so I'll happily take this chance to set this in stone for later reference. Inside fractals We have got buy and sell fractals generally consisting of: ...
Here's a couple of levels that could be interesting to you. I'll zoom in on the 1984/87 levels to show you why.
EURUSD might reach the target icon. If that happens, arrows are pointing bearish: - overall trend is bearish even before brexit - bottom of bearish orderblock (bullish candle before the last downmove) reached - fib overlayed gives an optimal trade entry at 61.8% right on top of the bearish orderblock Entry : 1.11620-1.11780 Exit : 1.09940-1.09920
Reasons Higher timeframe premise is bearish Power of Three: bearish accumulation occurred around bullish candle prior to the last big move down Reaching the low of that candle we arrive at the 78.6 OTE retracement
Seems GBPUSD is cleaning up some lower stops providing liquidity: We are bearish since yesterday and the day before's reversal This night's range 300% standard deviation matching up perfectly with Hourly:SR Bearish orderblock hit early into asian-londonopen session (70.5% OTE) We can see that there's a bullish orderblock waiting for us down at 500%...
We went up into july's high and met a bearish orderblock formed around the 0.7218 We are now accumulating to drop to the next (bullish) orderblock around 0.7108 Bullish main premise in mind I do not trade the short down, I'm targeting the 0.705 and will watch priceaction around that level before considering trading.
Liquidity pools = green crosses Price could continue drastic drop down because of lack of bullish orderblocks. The only possible bullish orderblock is at 36.6 - 37.10 Daily directional premise is bearish as price left a large void slightly under the monthly support Weekly directional premise is still bullish Liquidity options are only really attractive...
EURUSD has just nearly touched this mornings 78.6 retracement level. Looking at the s//r levels from the past I was able to find some in february that match the 1.272, 1.414 and 1.618 levels of the present, which I've rounded off to be more precise. We're likely to see the high of the week forming tomorrow (tuesdays) to kill all scalpers and shorts that have tight...
NZDUSD reached a new minor accumulation area. New target is well visible as well as the previous one I took last week on wednesday. I'm guessing this is leaning towards a big dip down as the trend based fibonacci extensions miraculously match the important support/resistance levels I drew on the daily chart. A match on all three 1.618, 2.272 and the 2.618 which...