Ictorderblock
(NZD/USD) Potential Long Term Move Down V2An alternative situation - we have a very well-respected Trendline that has a high chance of getting manipulated. The green area marked above also has a lot of orders laying above so we could see those highs get taken out as well as mitigate a bit more of that Orderblock
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(From my previous post)
This is a Daily Timeframe perspective.
The Market has just tested a strong Bearish Ordeblockwhich is supposed to hold the market down. We also made a deceleration, going from a bullish market which is now a bearish market.
The black lines that are drawn on the chart, is Sell Side Liquidity which are attractive targets where the majority of Orders lay in the market,
The yellow areas are imbalances, where the market has moved too fast, creating inefficiency, so the market should fill a lot of these yellow areas. Another attractive area which the market wants to mitigate.
The blue area marked up all the way down is a bullish Orderblock, which could be a potential reaction point.
I don't know how far the market will drop, but I do expect a lot of these areas to get filled.
GOLD Breakout, What's next?
Dollar Falls as Fed's Chairman Powell Maintains Dovish Message.
U.S. Treasury yields fell after Federal Reserve Chair Jerome Powell on Wednesday maintained his view that strong inflation will be temporary, even after data showed for the second day that price pressures rose more than expected in June.
Gold jumped on Wednesday after U.S. Federal Reserve Chair Jerome Powell reassured investors that the central bank would continue its accommodative monetary policy despite a spike in inflation readings.
Likely market pullback before upside continuation? Leave your thoughts on the comment section below.
Order blockPrice has gotten to our POI meaning we reading to go short cause our order block has been activated
GBPUSD | Market outlook Britain’s pound steadied against the dollar on Friday, recovering from two-month lows after a print of U.S. jobs data pushed the dollar lower. Earlier on Friday, sterling hit fresh two-month lows against the dollar, pressured by dovish comments from the Bank of England’s governor.Bailey’s comments knocked the pound to its lowest since April 16. But after the dollar was weighed down by some weaker details in an otherwise strong overall U.S. jobs report, sterling recovered some ground to trade 0.15% higher.
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Currently approaching Daily orderblock level with a potential sign of a significant reversal to the downside. However, with the last push to the upside coming in the way of being very impulsive the likelihood that we could turn bearish at this moment is quite low. So, with that being said I am looking for potential short term buying opportunities, until the buying level is broken then a bearish mindset will come into play.
Any questions feel free to ask
ICT Market StructureAt this point still neutral on the market, waiting for more price action to unfold.
So I currently placed my sell stop 25 pips below old lows so that I don’t get tagged in if it is just a run below old lows of 1.38734
My overall sentiment on the daily is bearish as price retraces from the 68% retracement level.
If price break below the 1.38484 level then it’s a sell heading to old lows at 1.38013,
Otherwise if we complete a move above the 1.38807, we would have completed a bullish orderblock, and we’ll expect a short term buy to hit the buystops above 1.39209.
(NZD/USD) Potential Long Term Move Down V1This is a Daily Timeframe perspective.
The Market has just tested a strong Bearish Ordeblockwhich is supposed to hold the market down. We also made a deceleration, going from a bullish market which is now a bearish market.
The black lines that are drawn on the chart, is Sell Side Liquidity which are attractive targets where the majority of Orders lay in the market,
The yellow areas are imbalances, where the market has moved too fast, creating inefficiency, so the market should fill a lot of these yellow areas. Another attractive area which the market wants to mitigate.
The blue area marked up all the way down is a bullish Orderblock, which could be a potential reaction point.
I don't know how far the market will drop, but I do expect a lot of these areas to get filled.
USDJPY | Market outlook
The Bank-of-Japan after concluding a two-day monetary policy review meeting on Friday, kept its monetary policy settings unchanged as widely expected.
BoJ kept its 10-year Japanese Government Bond (JGB) yield target around 0% and a short-term interest rate target at -0.1%.
The central bank extended the pandemic-relief program beyond the current September deadline by six months to March 2022.