Innercircletrader
EURUSD potential Forecast | Monday 23rd January 2023Hello,
I rely on ICT concepts for my trading. I would like to share a trade idea for next Monday, January 23rd, 2023.
My weekly bias / analysis suggests that the price will likely move towards the 1.09446 area, where the 50% Fibonacci line on the weekly timeframe coincides with the relative highs which are liquidity hotspots.
For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading.
Thank you,
Chen Yongjin
EURUSD potential Forecast | Monday 16th January 2023Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for next week, Monday, 16th January 2023.
Idea
I have a weekly expansion bias for price to move towards the 1.09446 area, where the 50% Fibonacci line on the weekly time frame is it which coincides with the relative equal highs / liquidity hotspot area.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
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
Bitcoin is looking for more downside . We had a shift in market structure Back in the 16th of December Which Means we could see a new quarterly Shift .. Looking back 20 and 40 and 60 days from the 1st of december .. The institutional order flow was bullish And since there is a shift in Market Structure we cast forward 20 , 40 and 60 days . We expect to hunt those Sell stops aka " Open float " We took out an short term daily high which has Buy stops resting above it and we are also currently in a premium market I expect us to fill the fair value gaps and there is a bearish order block on the 4 hourly time frame.. Notice how we are going up when market opened ? This is the accumilation part of Power of 3 on the weekly candel.. There is also big news this week .. the CPI on thursday so expecting a decent run.
Im shorting at 17300-17800.
Stop loss at 18450.
Take profits
1-15900
2-15k