About 30 million dollars was removed from btc yesterday and it implied that we might see shorts for a while until the bull run is set to pick up again
I anticipate shorts in three weeks (likely somewhere around the US elections)
Now that I've seen that the trend is set for Bearish, it's confirmed that by taking out opposing positions and showing valid data points.
Now that I've seen that the trend is set for Bearish, it's confirmed that by taking out opposing positions and showing valid data points.
Check Hourly chart from wider view - Bearish Order Block on clearing old low during a previous highly volatile news event.
Entry is taken from the last swing high that took out the old low in the last bullish rally, there was a maintenance of structure around the 'last swing high' and turtle soup formation on breaking that structure which currently lie around 62 - 70.5 fib levels from the top during yesterday's NY Open
* Double bottom breached with a daily fair value gap as the next significant draw on liquidity * price has shown willingness to move in one direction * O.T.E + 1H fvg + orderblock for bullish moves * Possible reversal areas (price moves in waves)
After watching EU and GU make a, SMT divergence following the FOMC release and moving to take out liquidity below old lows, leaving a fair value gap in the 15 min timeframe In the 5 min timeframe, the breaker can be seen clearly to coincide the FVG.
GBPUSD seems to be reacting around a confluence of price action areas with patterns that precede climax reversals Here, The confluences are a weekly rejection and daily order blocks with a 4H Fair Value Gap. It is expected that this move, no matter how much impulse it comes with, would be a short term move as GBPUSD has shown to not be moving in sync with...
OTE + breached double top (fractal) The idea is really simple and if you're an ICT student and you've spent your time in the charts, your eyes will spot it right away but trading view wouldn't let me publish with a very short description
My bias for gbpusd starts from the draw on liquidity towards 1. these equal lows 2. The takeout of liquidity above with an immediate reversal forming a rejection block 3. Rejection Block 4. 4h timeframe, which shows imbalance 5. The imbalance is clearer seen from the British Pound Futures chart 6. Those already familiar with ICT concepts would rightly...
Short from 1H order block towards daily rejection block below
The bullish big belt on the EURJPY satisfies the conditions of a bullish big belt ● prints on the trend line ● closes at the high of the pinbar ● on a Monday after price has had the weekend to decide which way it should go ● take profit at next zone