Chart using ICT orderblocks. Would rather see DXY make a small retracement at 96.2 because it can then regain strength to make a higher high. Breaks are moments we need to closely monitor price action on a lower timeframe. Technically price should not trade into the orderblocks too far, since most of these barely have any wicks. In other words, we are going to...
Multiple scenario's drawn out for EURJPY. I myself haven't traded EURJPY a lot, but the orderblocks seem consistently promising at the moment. It could be that the monthly support is going to cause a stronger bounce. The strength of the bounce shouldn't matter. Reconsider your options at every 'crossing' of the arrows representing potential orderblocks. I'm...
I decided to use the callout as a description :) Good luck!
As mentioned on the callout, we're likely to see a run up into the old high and beyond to take them out. Or it'll not take it out and just keep pushing down. This is a followup of the earlier NZDUSD idea mentioned below under related ideas. Good luck!
Okay let's have a look at what we can see happening. EURGBP stabbed into the bearish orderblock as shown in the chart on the 7th & 8th month. The 9th month (right now) is the logical reaction of the move away from the bearish orderblock. - The formation of the bearish orderblock happened above 0.835 , meaning this will likely be absolute max for the...
EURUSD is recovering at the moment, will take a day or two to get back on top of things and move into bearish orderblocks, to my opinion. Good luck!
EURGBP will be in small ranges for awhile. Bearish orderblocks constantly pushing price down. Larger timeframe perspective has however been bullish. Therefor trade this pair with caution. Good luck!
Orderblocks outlined with respective colors. Good luck!
Price has dropped quickly from NFP and there is a liquidity void from the drop. Price is now searching for liquidity to go long and I am looking for price action to take out the low with the blue x. Taking out that low will hit stop losses and activate sell stops. This will give the banks liquidity. Price will then hit the daily order block, allowing them to...
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...
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...
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: ...
Follow the arrows to see magic happen! Red X denote stops.
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
I expect price to reach up to the 1 HR. Breaker which is also the neckline of the "M". Looking to short down to the daily order block which I will be getting long on (see related ideas). If price stops me out at the first 1 HR. breaker I will get in at the next breaker and short. Price may reach up there to fill the liquidity void immediately or may wait until it...
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