GBPUSDPrice struggled a strong break of Asia range high - Targeting sell side liquidity - Expecting a move down to 30min fvg
Londonsession
A Tale of the EUR/USD Forex PairOnce upon a time, in the bustling realm of the forex market, there existed a fierce battleground where bulls and bears clashed for supremacy over the EUR/USD pair. Our story unfolds on the 15-minute battlefield, where traders keenly observed the unfolding drama.
As the sun rose on the trading day, vigilant traders scanned the charts for signs of opportunity. Among them was a seasoned analyst, whose keen eye for market dynamics brought forth a tale of shifting tides and looming intrigue.
With a determined gaze, our analyst set out to uncover the subtle nuances of the market's structure. Like a skilled detective, they searched for clues that would reveal the intentions of both the bullish and bearish factions.
Amidst the chaos of price action, a pattern began to emerge – a telltale sign of a weakening bullish trend. Higher lows were breached, and candlestick formations whispered tales of struggle and resistance. The bulls, once mighty and indomitable, now found themselves faltering in their quest for upward momentum.
Yet, the bears were not to be underestimated. With each failed attempt by the bulls to rally, the bears seized upon the opportunity to assert their dominance. Support levels crumbled beneath the weight of their relentless onslaught, marking a significant shift in market sentiment.
Undeterred by the challenges they faced, the bulls made one last valiant effort to turn the tide in their favor. Alas, their endeavors proved futile, and the bears emerged victorious, their roar echoing across the trading floor.
In the midst of this tumultuous battle, our analyst saw an opportunity – a chance to capitalize on the newfound strength of the bears. With a calculated strategy in mind, they waited patiently for the opportune moment to strike.
As the London session dawned, the stage was set for action. With nerves of steel and unwavering resolve, our analyst entered the fray, placing sell limit orders in anticipation of a retracement.
And so, the story unfolds, a tale of triumph and adversity, of bulls and bears locked in an eternal struggle for dominance. In the ever-changing landscape of the forex market, only those who possess the keenest insight and the steadiest hand can hope to emerge victorious.
EURUSD REVERSALHello traders,
At this price point, A lot of bullish pressure is building up and the tables have turned against the bears.
Additionally, being a Wednesday which is a good day for reversals I expect the price to make new highs.
Share your sentiments in the comment section below.
EUR/USD LONDON (BUYS)1. HTF IS BULLISH
2.Price created a breakout and retest so i am expecting price to go higher to form a higher high
3. After price formed support i entred on a bottom wick entry.
Target is 25 pips
RR is 1:1
What is ICT Power of 3?Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023
FOREXCOM:XAUUSD
Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery.
Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days.
Those 3 things are; Accumulation, Manipulation and Distribution.
AMD:
A: Accumulation
M: Manipulation
D: Distribution
1. Accumulation: They accumulate liquidity through the delivery of a ranging market.
The purpose for delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction.
2. Manipulation: After accumulating both buying and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders.
But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute price in their real direction for the day.
3. Distribution: After manipulating price to a particular direction different from their plan, they then distribute price to their original intended direction.
e.g to buy, they will first sell the market and then buy at the discount price level.
Example of Power of 3 on Gold
AMD:
A: Accumulation
M: Manipulation
D: Distribution
Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts.
Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance.
Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
Is the FTSE100 setting itself for a rally?Triple Bottom seems to be forming on FTSE100...
Could it be showing signs that it wants to rally for the rest of the year?
If so, we need to wait for the price to close above the neckline before acting.
Other indicaators also show it's too early, but things can change. So we'll keep our eyes peeled.
Price <200 (Bearish)
21>7 (Bearish)
RSI<50
Target 8,280
NQ | Liquidity Sweep | ShortWaiting for the arrival of Buyside Liquidity to be taken, then on the m1, look for displacement in the opposing direction (Short). Ideally, this would setup a Fair Value Gap when it displaces, which I will use for entry.
Im overall short on NQ and anticipate that when the buyside is taken as liquidity (during London Session), it may also create the high of the day, continuing short in New York Session.
www.tradingview.com
USTECH What to expect in on 2nd Oct 2023. USTECH has held a special place in my portfolio for quite some time due to its responsiveness to news related to tech giants. Additionally, economic news exerts significant influence on market trends.
I'm of the opinion that there is still potential for the market to gather more liquidity and for orders to be established before any downward movement occurs. Thus, I'm keeping my hopes high for the London/New York trading session.
eurgbp bias outcomethis is just a follow up post on this initially called EG set up. Price decided to respect the zone, I've placed my breakeven appropriately . initial setup attached.
audusd long biasprice seems to have respected a key demand zone , buyers may take over the market to the upside .
gbpjpy short biasi can see price pumping up to meet the nearest significant supply zone, be the bears can dominate the market.
AUDUSD BULLISH BIASAUD has been oversold in the past three weeks. i was able to ride the downtrend . bulls are now slowly taking dominance
cadjpy potential swing biasprice may retest the supply zone highlighted before letting the bears to take control of the direction
EUR/USD Short London Session - July 19 '23Clean EUR/USD Short on London Open. 15m downtrend with break of structure and grab of liquidity taking out the high while also retesting on the supply. Aiming for 1 to 3 as always and managing risk accordingly (moving sl to BE once we break structure again). Good Luck traders!
XAUUSD / GOLD potential directionGold overbought throughout the week at the same pace that the dollar index had been oversold. Next week if gold respects the current supply zone. I will maintain a bearish bias for the week. during that week's market open, price is likely to retest the key supply zone multiple times, I'll be looking out for price to respect the zone or breakout. patience will be highly required.
ICT Power of 3 Strategy on GoldPower of 3 at work on Gold producing a 8.6RR move on 30/06/2023
FOREXCOM:XAUUSD
AMD:
A: Accumulation
M: Manipulation
D: Distribution
Accumulation : Price range during Asian session, accumulating liquidity on both sides of long and shorts.
Manipulation : Price broke the low of the accumulation during London session to take out sell side liquidity and then fill the previous day imbalance.
Distribution : Price move away from the FVG leading to a shift in market structure on 5m time frame, plus a short pull back, follow by a massive move to the upside during the New York session to take out buy side liquidity above.
usdjpy to create a strong higher highAfter earning small chips from the shorts I decided to go long and participate in the trend. This pair is still in an uptrend. The dollar is creating higher lows and structurally higher highs. I noticed a breakout of consolidation then a retest. The re-test presented a bullish reversal pattern followed by volume. I project price to push to atleast 144.808
EURUSD | London 23.06.23Good morning to the London Session!
Enclosed is my plan for the next few hours.
If we see the pullback to the start of London, I think the marked mark is a considered entry.
SL can be placed above the liquidity zone above us.
Target is the EMA800 15m TF.
Idea is invalid should we visit EMA800 first without seeing a pullback first.
Have a nice weekend!
Gold BuyI'm currently in a gold buy.
Reasons:
-We're at a point of what looks to be a strong demand zone on on all time frames leading up to daily. (Accidentally wrote supply zone instead of demand on chart. excuse the typo)
-The last 2 closing candles had large wicks on 4hr timeframe (bullish engulfing).
-We're getting higher highs and higher lows on smaller time frame.
-5 minute resistance level has been broken.
-1 hour candle has closed extremely bullish.
- The ride to 1957 should go smoothly follwed by a pullback.
-My guess is that Tp will be hit tomorrow or Friday the latest
GBPUSD I am in Selling SideAsset- GBPUSD
Observation-
Price is one of the high
There is a resistance zone as shown by the box
Price must retest the liquidity zone.
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Any suggestions
