EURUSD
March 3 London Macro 2
Price was in a Discount in Asia. Price consolidated to take liquidity. On the 5 min the signature 2022 ICT model formed.
Criteria
-take session liquidity
-form a four candle formation energetically
-creates a FVG
-Price comes up to test the FVG and drops
-inside the macro at 23:10
All above is a 2022 model set up I was not at my computer would have signalled a set up and entry during that macro.
Why because I saw DXY take 2 sets of equal lows, with the FVG to the high side and knowing price will at least come to the range box 50 level.
I did enter at 2:10 lower than I wanted based on my analysis of DXY reaching for the 50 and potentially coming into the range created in the dealing range.
It was a scalp trade.
I note my error that the previous session range for EUR in Asia price did not want to expand through the 50. Dropped the fake out.
Where is now showing its wanting to go it the previous session 50 and FVG.
With both DXY and EUR on the 50 on HTF leaving me read the tape todays analysis at 2 was correct.
What did I learn TAKE PARTIALS when your level is hit. I suspected it would come to the CE-50 of the range level.
In hind sight once price hit the CE of the range, the .79 and coming into the Macro and leaning bias of bull liquidity above I could have entered a long on the .70 OTE
What am i learning, blending of the ranges, while seeing what stops are taken. I also learned the fake move is still a valid move and that the next move can produce the move of the day.
Im happy that my analysis was correct for the 2 I just need to span out and consider the session range with the previous session range and the institutional range. Lots to analyze.
Keep going!
March 3 London Macro 2
Price was in a Discount in Asia. Price consolidated to take liquidity. On the 5 min the signature 2022 ICT model formed.
Criteria
-take session liquidity
-form a four candle formation energetically
-creates a FVG
-Price comes up to test the FVG and drops
-inside the macro at 23:10
All above is a 2022 model set up I was not at my computer would have signalled a set up and entry during that macro.
Why because I saw DXY take 2 sets of equal lows, with the FVG to the high side and knowing price will at least come to the range box 50 level.
I did enter at 2:10 lower than I wanted based on my analysis of DXY reaching for the 50 and potentially coming into the range created in the dealing range.
It was a scalp trade.
I note my error that the previous session range for EUR in Asia price did not want to expand through the 50. Dropped the fake out.
Where is now showing its wanting to go it the previous session 50 and FVG.
With both DXY and EUR on the 50 on HTF leaving me read the tape todays analysis at 2 was correct.
What did I learn TAKE PARTIALS when your level is hit. I suspected it would come to the CE-50 of the range level.
In hind sight once price hit the CE of the range, the .79 and coming into the Macro and leaning bias of bull liquidity above I could have entered a long on the .70 OTE
What am i learning, blending of the ranges, while seeing what stops are taken. I also learned the fake move is still a valid move and that the next move can produce the move of the day.
Im happy that my analysis was correct for the 2 I just need to span out and consider the session range with the previous session range and the institutional range. Lots to analyze.
Keep going!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.