XAUUSD potential Forecast this week | 21st November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the 2nd last week of November.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
Weekly bias: expansion to the upside
- Daily FVG spotted
- Breaker block spotted
- Equal highs above the daily supply zone
Idea
I am expecting possibly 2 scenarios for gold this coming week.
1.) A possibly retracement to the Daily FVG at 1747.385, before price heads to the upside.
2.) A deeper retracement to the 1725.600 area where there is the 38.2% Fibonacci retracement line and the breaker block, before price pushes back to the upside.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
Innercircletrader
EURUSD potential Forecast | Monday 21st November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the beginning of this week, Monday, November 21st, 2022.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
- Nice order flow on the 1hr chart
- Daily FVG
- 1hr FVG
Idea
Expecting price to possibly tap into the 1hr FVG at 1.03378, before heading downwards towards 1.02729, where the Daily FVG is located.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast this week | 21st November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the 2nd last week of November.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
Weekly bias: expansion to the upside
- Daily FVG Spotted
- Weekly Supply zone spotted
- Liquidity resting just below the weekly supply zone
Idea
Expecting price to possibly tap into the daily FVG at 1.02729, before expanding to the upside towards the weekly supply zone at 1.06273.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast | 14th November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for 14th November 2022.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
- I notice that price closed on the Daily with a very strong bullish candle
- Also spotted the BSLQ at 1.03688
Idea
Looking for price to clear the BSLQ at 1.03688, where heading towards the Daily Supply zone at 1.04171.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
XAUUSD potential Forecast POST NFP | 7th November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Analysis
- Last week due to the release of NFP data, price tapped swept the sellside liquidity before gaining strong bullish momentum to the upside
- I also noted out the 2 Daily Fair Value Gaps & buyside liquidity areas.
Idea
Expecting this strong bullish momentum to sweep the buyside liquidity at 1684.620 and potentially bring price to the Daily Fair Value Gaps areas at 1684.040 & 1699.915 respectively
Areas to take note of
1st Daily FVG: 1684.040
2nd Daily FVG: 1699.915
Buyside Liquidity: 1684.620
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast Freaky Friday | 4th November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Analysis
I still have an overall bearish bias for EURUSD. Through my observation, I like how the chart has a relatively nice order flow where price is retracing up and tapping into the Fair Value Gaps before heading back down.
Idea
Expecting price to possibly continue bearish to head towards the H1 Demand Zone at 0.97018 where there are Relative Equal Lows resting just right above it.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast POST NFP | 7th November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Analysis
- Last week due to the release of NFP data, price tapped into the H4 Demand zone before bouncing up with price currently trading at 0.99589 at time of writing.
- I also noted out the Fair Value Gaps & buyside liquidity areas.
Idea
I'm pretty neutral on price at the moment and currently looking out for price to head to 2 possible areas for the beginning of next week.
Long : To the H4 FVG at 1.00440
Short : To the H4 FVG at 0.98510
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
EURUSD potential Forecast after FOMC | 3rd November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Analysis
Price experienced massive votality overnight as a result of the FOMC news release , with price grabbing liquidity from BOTH the previous daily high and low before continuing its bearish momentum downwards.
Idea
Price is expected to test the H1 Fair Value Gap before continuing to fall towards the H4 Demand zone at 0.97775.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
IS $40 PER $SOL POSSIBLE THIS YEAR?Greetings fellow traders. In this analysis, we take a look at a possible Solana ($SOL) Buy Swing position. The Risk-to-Reward on this trade is a "No-Brainer" hence the reason I am sharing this trade setup.
My confluences for the Buy trade setup:
- Solana is well known as for its NFT ecosystem. With $SOL being the underlying currency for this ecosystem, it makes $SOL fundamentally strong for the long term.
- Now lets look at the technical analysis,
* There is a Fair Value Gap around $29.50.
* There is also a Bullish OB just below the FVG.
* There are notable equal highs/ Sell Side Liquidity around $34.50 that has to be raided.
* I will be targeting the Fair Value Gap by $42.50 as my intermediate target price. My Long term target price is $60.
- Looking at seasonal tendencies, Q4 is usually good for the Crypto market therefore there is a higher possibility of the market being Bullish than Bearish.
My Entry price is sub-$30 (preferably, $29.50). Use proper risk management.
With this said, Happy Trading Pals
EURUSD potential forecast | 2nd November 2022Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts.
Trade Idea
- Price rebounded off the fair value gap and market inefficiency as noted by the FVG zone.
- Anticipating price to continue moving down in light of the upcoming FOMC meeting.
- There is a possibility of FOMC pushing price further down.
- Price is still BEARISH structurally and is forming lower lows and lower highs.
These are my confluences to why I believe price can continue headed down.
Do leave a boost and a comment!
Will love to hear everyone's opinion on EURUSD now.
Educational Series - Smart Money Concepts ( Liquidity )Hi there guys!
I will be doing a short tutorial on Smart Money Concept's liquidity.
What is it?
- Liquidity acts as a driver to move the market in a specific price range.
- We can find liquidity in areas where many people place stop losses and buy/sell stops.
- Market makers will manipulate the price in order to break through these obvious zones and seize the liquidity.
How to look for them
- You will be looking for areas where price are of relative equal highs/lows.
- Areas where price has not gone to swept the "stop losses"
Why is it useful?
- Helps to forecast where price might potentially head to
- Potential areas for take profits upon clearing of liquidity
- Avoid placing your stop loss at liquidity areas
It takes some time to learn how to spot liquidity.
If you do enjoy this tutorial, feel free to follow me and boost this post! :)
Regards,
Chen Yongjin
EURUSD potential Forecast for today | 2nd November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Analysis
I'm moving to the H1 timeframe for EURUSD and spotted a 5 mins Fair Value Gap area where price might tap into and potentially continue it's bearish trend to the Unmitigated H4 Fair Value Gap at 0.98007 with multiple sellside liquidity areas and the previous daily low in the way.
Idea
Short to the Unmitigated H4 Fair Value Gap at 0.98007
Always use confirmations on the lower timeframe for entries! Stay safe trading guys!
Please comment + boost this post if you guys enjoyed this!
EURUSD potential Forecast for today | 1st November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
I'm moving to the H1 timeframe for EURUSD and spotted 2 different areas where EURUSD might possibly head to after the respective break of market structures drawn on chart.
1.) Long to the H4 Fair Value Gap at 1.00440
2.) Short to the Unmitigated H4 Fair Value Gap at 0.98007
Always use confirmation entries on the lower timeframe for entries! Stay safe trading guys!
Please comment + boost this post if you guys enjoyed this!
EURUSD potential Forecast for New York | 1st November 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Fundamental news release 10am NY
- Shorting EU downwards due to the bullish USD news with the JOLTS Job Openings being better than previous + forecast
- Construction spending also was way better than previous + forecast
Entry
Short to the Unmitigated H4 Fair Value Gap at 0.98007
Always use confirmation entries on the lower timeframe for entries! Stay safe trading guys!
Please comment + boost this post if you guys enjoyed this!
XAUUSD Potential Forecast | 31st October 2022Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
With a very rangy market today. I'm moving to the H4 timeframe for gold and spotted 2 different areas where gold might head to after the range breakout.
1.) Long to the H4 Fair Value Gap at 1653.120
2.) Short to the H4 Fair Value Gap at 1629.335
Always use confirmation entries on the lower timeframe for entries! Stay safe trading guys!
Please comment + boost this post if you guys enjoyed this!