ICT OTE Short just occurred, watching for retrace for buyside liquidity or continued sellside liquidity run.
CL is gravitating to pivot around 71.30. Possible movement to 71.30 via retest of base Open and test of 70.70 structure. Long at a retest bounce above 70.30. Short if price held and restests 70.30.
Having traded CL, GC, USDJPY I recognized similar movements into zones, I now wonder if they correlate in any way Price Pattern Trader - TradeEmpowered Analyzing the high timeframes 240min, 60min, 12range and executing in a trading timeframe 233Tick.
Waiting for a retest of structure this Cypher formed.
Watching this head and shoulders form on the way to #Cypher pattern
AUDUSD #Cypher busted a move on open to get a Fill, now dragging its behind, Extended target would be a Target3 heading to 0.7394.
Watching last leg of #cypher form at a double bottom, have a reversal zone between X and D completion.
Watching #AUDCHF looking for ideas IF PA breaks below structure blue-line or IF it bounces upside. IF price bounces will wait and see if a 2-618 trade appears (618 retracement of dbl top). IF price breaks below then looking for a retrace and retest of structure for a possible #Short. IF price continues to break below then looking for B-C leg turnaround at 1.27 ext.
Looking for a #Short, predicting continued downside movement in this channel, justified a reversal zone in grey where Fibs, Harmonics, Structure meet. With a combined technical score of 8 went #Short at 1.3200 flat.
Seeing if I can be in the right place at the right time to catch a harmonic to the downside. In #Short at the 618 retrace at historical structure.
Watching this potential #cypher in a high wick environment, may adjust the trailstop value or not use trailstop at all on way to T2.
IDENTIFY: AUDUSD cypher shaping with good ratios & confluence, bounced off upside structure without argument. PREDICT: May get a small retrace around 0.758's on way to completion, looking for a bounce off historical structure. Killzone has 2 levels of structure thinking this is ample protection for stop. Targets set at structure levels
I have a Long pending waiting for a retest of 0.9900 flat, there's some history at this level. Early days but gathering clues for a Bull Cypher.
In a perfect scenario a retrace makes it to 618 for a #Short, but think more probable retracing to 382.
After a broken pattern, plan B materialised after a long wait. After 7 retests of historical structure PA boost hitting Target1 in a flash, caught off guard I had no Target2 defined - myBad. Dang that was exciting !
Brewing for 3 days PA broke downside in the biggest way hitting Target 1 & 2 in one swoop. Best trade to date, followed the plan, more importantly was patient (what a breakthrough), becoming TradeEmpowered.
Watching this Cypher, coming to a cross road here of structure, stops in above X, hope I get a complete and flap downwind.
Watched this impulse leg descend and retrace from Monthly High to setup this Cypher. Looking left there's a lot of white space, historical structure not really tight to this pattern, looks like a recipe for a StopOut . There's better structure supporting the C-D leg, think there's more case for a Long after an outside return and trade the CD leg.