Did some charting and this is what I came up with. Having observed the pair I noticed that it's in a longterm bull trend. And we just busted out key areas of liquidity, now I think it's time to go up.
Shout out to themerle for mentioning me on their site, and shout out to @philipvdlinde for being an awesome mentor! :) We'll probably see a small breakout above or under the current consolidation (422.10 or 436.45), and then a rejection, followed by a trend in the opposite direction. In a bearish trend scenario we'll see the price will fall to around 372 followed...
The chart explains itself, EURGBP-0.07% went up and it seems that it's now forming a sell model. I think it will be going for the weekly liquidity.
As you guys might know fiber is consolidating on the daily chart. While this is interesting, it's not too important. The important part is knowing where prices will head for next. And to me it looks like the marketmakers have left behind a clue. I compared fiber to DXY and I found the following: VS As you can see EUR/USD made a low on december 7th, and...
A look back at the recurring Bearish Daily Order Blocks and how they have been re-used to reload with shorts. Price has now continued to break down, with a weekly low of liquidity underneath us, with a bullish order block below that. A few scenarios could play out - my preferred choice - a reload of the daily order blocks above us, securing the above liquidity...
Am applying the new techniques I have learned from Micheal J. Huddleston in this chart
With thanks to ICT Michael J Huddleston, TraderSZ and Midge Drangonflyfx. Here you can see the inner workings of trading a reversal. The strategy can be summarised in this way: High Time Frame Order Block. Daily Highs and Lows. A Breaker will be used to sweep daily High. Price will come back to /HTF and Breaker Order Block and retest. The market will often...
Get on the hype train before it crashes. This chart is NOT short-only, So is this the wave of false hope or the pre-bubble?
A lot has happened over the last few months, this daily chart displays the prices bitcoin might head for in the near future. As you guys might have noticed, bitcoin has been consolidating in a pretty tight range (430-470) for the last few weeks. The breakout move will have major ramifications on future price action. Chart is self explanatory so I don't think...
An inverse head-and-shoulders pattern has formed on the FTSE, with a projection of around 200 points, which would pull it towards the 6900 handle. This leads me to believe that market makers are looking to clear out the stops that will be resting above the 'double top' before any further move down in the index. 6921 is the 70.5 OTE fib retracement from the 10th...
The initial breaker setup seems to hold true. Time to short this asset down to its resistance. See related idea for more details.
Here is an updated chart showing an ICT concept (order blocks). Keep in mind, this trade idea is mine but using his concepts. Order blocks are a big part of ICT's trading concepts. In the weeks ahead ICT is supposed to release his stock trading system. So this is just my attempt to think ahead and use his concepts. The definition of a bullish order block; -...
I will be monitoring this potential setup this week heading into Monday & Tuesday. We have Fed Rate release on Wednesday so much like last week, I will anticipate my weekly quota before Wednesday's fundamental economic driver. If we exhibit strong bullish technical at a ICT Killzone being London Open and or New York Killzone I will look for a "bounce", not a...
Major swing down showing OTE between 1.2790 and 1.2752. This coincides with a bearish hourly order block that occurred at New York Open on the 21st October. This area also covers the 1.2750 mid figure. Given the Durable goods data and consumer confidence data to be released (12:30 GMT) this could provide a run to the entry before reversing short. I will also...
I believe we are up for a sell on cable since price is reaching a current range top. Clear bearish order block around the 1.6160 level. also a clear resistance level form weekly and daily charts. GBPUSD has a bearish outlook since market structure is in line with the 9 & 18 Emas on the daily time frame. Big boys are still short in this pair.