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Innercircletrader

US30 - Daily Timeframe Analysis (ICT)(Refer to my Weekly analysis for US30 and DXY) On lower timeframes I have 3 areas I want to anticipate a long to go to the short POI. Ideally, we don't see a daily close out of that thin yellow box (Daily Bisi). There are 3 lines of defense for price to reach to and find support. 1st line of defense is a Breaker with CE of a wick and a gap, which looks very nice. This is my first choice. 2nd line of defense is the 4h bisi (dark blue is a bottom prediction if it gets there) 3rd and last line of defense is the 4h Orderblock MT. The more price declines, I believe the faster the move up would be back above the yellow zone. Relative equal highs reside above, so that gives me some confidence that we are likely moving higher. The short POI is a 4h Sibi inside the weekly Sibi has my eye. A high RR trade could be possible.
OANDA:US30USD
by Road_2_Funded
DXY - Weekly Timeframe Analysis (ICT)The Dollar Index has hastily reached my objective on the Weekly/Monthly timeframe. The question now is will we still move higher. I think we will. Of course, we can make predictions and assumptions, but we wait for price action to tip its hand to us. I have 3 levels where I am looking for a continuation to the upside next week onwards. 1. There is a New Month Opening Gap coupled with the support of the previous week's high and an old swing high. I am most keen to see how price reacts within this area. 2. Below, there is a Weekly Bisi, albeit a narrow gap. If price gets there, it may be a quick rejection. 3. Even lower, there is the Weekly Wick CE of a previous month. This would be the last area I would look for a long that would break the previous high.
TVC:DXYLong
by Road_2_Funded
AUDUSD - Long Trade Idea (ICT)My macro bias is still bullish for DXY, therefore bearish for AUDUSD and other XXXUSD pairs. However, I am anticipating further retracement to the upside on the sub-daily timeframe. Preferably I would like to see the Buyside Liquidity just above the current price to stay untouched or pierced slightly, then to retrace back into the Bisi 2h, 4h (R2F) zone, ideally this move starts to happen after 1am. Then my target would be above the current Buyside Liquidity and into the Sibi 4h above. Confirmation of my trade will be a shift in market structure via a displacement on a lower timeframe and at the specific timing I mentioned.
Long
by Road_2_Funded
GU - Weekly Timeframe Analysis (ICT)Considering my bullish bias on the DXY, and the currently bearish price action on GBPUSD, I am anticipating price continuing lower with a short-term objective of a Weekly Wick's Consequent Encroachment. Price bottomed off a Weekly Bisi to the tee, and closed above a NWOG at big figure 1.2200, leaving a Weekly Sibi in it's wake. There are 2 areas I am currently looking at for a retracement for a potential continuation to the downside. With price being at an opposing HTF PD Array, I am keen to see how much time it spends consolidating, if at all. 1. The closest Weekly Sibi nested with a Wick of Monthly Bearish Breaker Block (Wick). 2. A Weekly Sibi further up nested with the body of a Monthly Bullish Breaker Block. - R2F
Short
by Road_2_Funded
DXY Analysis - Weekly Timeframe (ICT)How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside. I really like the Weekly Bearish Breaker Block residing above as a point of interest for trades, which may take a while to get there. I will also be observing how price moves towards that area, if it even does. Next week, keep your guard up. Don't take the bait. Wait for the sheep to get slaughtered, and once you see that already come to past on the charts, that is the time to strike.
TVC:DXYLong
by Road_2_Funded
GU - Weekly Timeframe Analysis (ICT)Based on my DXY analysis, I will be expecting lower prices on GBPUSD. I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting the 2-Week Bisi and NWOG below. With the high-impact news drivers this week, it is my assumption that it will happen with speed.
Short
by Road_2_Funded
2
EU - Weekly Timeframe Analysis Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper towards Sellside. Also compared to GBPUSD's Commitment of Traders report, EURUSD had a significant decrease in large spec long positions. EURGBP should be quite explosive soon.
Short
by Road_2_Funded
DXY - Weekly Timeframe Analysis (ICT)We have more clues on the Weekly timeframe. Most recently, price broke out of a descending trendline and immediately rebalanced into a small Weekly Bisi (annotated by red arrow), which is usually indicative of rapid continuations to follow. As a prediction, I see price digging into the Monthly Sibi and the nested Weekly Breaker Block and possibly Weekly Orderblock before a potential HTF reversal. The highlighted Weekly iFVG/Bisi would likely be used as support once price gets into that range. Based on the current price action, bias, and high-impact news drivers coming out this week such as CPI, PPI, Consumer Price Index, Retail Sales and Unemployment Claims), we could see a potential low of the week on Monday/Tuesday/Wednesday.
TVC:DXYLong
by Road_2_Funded
EU - Monthly Timeframe Analysis (ICT)EURUSD is clearly heading lower on the Monthly chart. There was a sharp rejection at the large NWOG above, after taking out a Monthly High, and the Monthly candle failed to close above the previous Month's highs. Now we have displaced towards the low of the recent intermediate Monthly Low. I don't see us heading to new highs from here, and at the very most a manipulative expansion to the upside to shake out short sellers. We are likely heading towards the Monthly Bisi at the very least in my opinion at face value. See my DXY analysis for more correlation and context.
Short
by Road_2_Funded
GU - Weekly Timeframe Analysis (ICT)There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle. Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market. The only concerning thing is the Commitment of Trader report with large specs still being heavily long. My experience is limited observing the report week by week, but one thing I've learned is that regardless of the report, bias can change on a dime.
by Road_2_Funded
EU - Weekly Timeframe Analysis (ICT)Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there. The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG. Currently, price is at equilibrium and could go either way from here. I will be waiting to see if price trades through the iFVG below, or back higher to use the previous FVG as possible support. Only time will tell.
by Road_2_Funded
EU - Monthly Timeframe Analysis (ICT)Last month we saw a sharp rejection after taking out a monthly high and monthly open. Currently no body has closed below the monthly FVG/Sibi. I would be interested to see if price is drawn to take out the previous month's low, and if so, how does it react afterwards. If it takes out the second monthly lows, then the monthly FVG/Sibi would be a nice objective. Price seems to be delivered efficiently at the monthly -OB, so I would be curious to see if price will be drawn back up there for a higher target. Overall, no solid bias on my side.
by Road_2_Funded
1
DXY Analysis - Weekly Timeframe (ICT)On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline. I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous FVG/iFVG as support before heading higher. If price pushes higher into a weekly Orderblock residing above, then I would consider that the last line of defense before the DXY potentially making new highs. I am excited about the possible setups based on DXY in the near future.
TVC:DXYLong
by Road_2_Funded
2
NAS Outlook 8/6NAS left a number of relative qual lows late last week. We are expecting price to want to trade below these to accumulate buy positions before ptonetinally expanding to take out last week’s high. There is a daily OB below price that may support it. the July open price is also at these levels. Interactions with both of these levels can be interpreted as short term discount pricing. From a macro perspective there is a weekly FVG above price that may be acting as a magnet for higher prices. This is added confluence to the expectation of bullish expansion.
FX:NAS100Long
by akhena10fx
EURUSD Outlook 8/6EURUSD traded into a daily FVG last week and reversed breaking market structure to the upside. We will maintain a bullish expectation till price does something to invalidate the expectation. There is a failed 12H SIBI FVG and an 8H balanced price range. We will be watching to see price interact with this area as potential short term discount for continued expansion. Expansion targets are the 12H OB and Daily BPR above. With news late in the week price may choose a number of ways to move before the CPI liquidity clearing. don’t force what isn’t clear in these conditions.
Long
by akhena10fx
3