As shown in the related idea below, the liquidity purge that we expected has now completed, this opens up the possibilities of a potential sell position. I will be looking for a substantial crossover of the structure before I consider my sell, my SL will be placed at the SFL level marked. Sentiment - 52% Long
GBP is due a shift in momentum but I think it will come at a price. I doubt we will see a steady drop off from here, I would expect a wick up to stop hunt before downside continuation. Sentiment - 55% Buying
This pair trapped sellers as expected and is now making a strong bullish move to wipe stop losses. If we remain above the key structure marked we can target the prior highs, If we managed to piere through the key structure once again, we can look to target the bearish key level marked.
Price pierced through the key structure level and instantly reversed showing that liquidity was there, I now expect price to continue further down into the target zone marked.
I took this trade with the team before Christmas and it is now beginning to flourish. You will notice that price bounced from a prior support zone and has now shifted structure, this is a good indicator that bulls could be ready to take over.
Structure was purged and a false breakout occurred, price pulled back to attack the trap, ready for the bearish move to emerge. How's that for a Forex poem?
The structure has shifted on USDCAD which is a good sign that a bullish move may be round the corner. I would like to see a further push down into the second level of structure to wipe out the break and restest buyers. Once this is out of the way and we see signs of rejection, we can look to get involved in a buy position as illustrated.
I believe a purge below the previous resistance for liquidity before bullish trend continuation is likely.
I took this trade with the team earlier today but the lack of market volume means we haven't got very far. I am hoping for a strong clear move to the downside, I will update you on the progress.
I placed this trade with the team, we are hoping to target the prior highs. The large gap and the change in structure will lure more sellers into the market but I will be fighting sentiment and targeting the liquidity at the highs.
The majority of retail will be looking at this pair and anticipating bullish trend conttinuation from the break and re-test of structure. I however will be looking for a sell position if we manage to cross-over structure as this would indicate to me that the push up was simply a liquidity grab.
EUR once again fails to show clear direction, we have formed a bullish flag after the impulse and are just waiting for the the next leg up. Price may sweep down into the order block marked before firing to the upside.
AUD has been unstoppable this week, which has made it impossible to sell this pair. We have wiped out the prior high again but we remain above significant structure so we cannot sell until the price clears that level marked. Personally, I am more inclined to sells but I will go with the flow and not get caught with a bias. I assume the majority of sentiment is...
This pair has been frustrating to deal with this week especially with the DXY weakness we have seen. Although we are ranging, I do think we will see continued bullish momentum after we begin to lure more sellers into the market, I have illustrated what the potential move could look like.
I am expectng price to boucne from this highlighted box, let's see how we get on.
Here is a perfect example of how you can utilise the ICT fib in conjunction with breakouts and getting wicked in with manipulation around the 62% fib.
Breakeven positions, hoping to chase that serious liquidity above the highs, I will take partials as I go.
Just going to trade what I visualise and manifest it. Sell Limit placed.