Smcconcepts
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.
Fair Value Gap Strategy (FVG): GBPUSD 7.32x Reward TradeCheck out this 7.32RR trade I took today on GBPUSD.
OANDA:GBPUSD
Trade Process:
Daily is bullish with FVG serving as draw on liquidity.
1HR: Took out Sellside liquidity left with BuySide liquidity to take out.
15M: London Session open took out 15M sellside liquidity with high probability of taking out Buyside liquidity.
Entry: I used my fib to locate OTE at the FVG which is where i placed my buy limit.
Price retraced to pick my order and fly high to take out the buyide liquidity and the daily FVG.
EURUSD SHORT ENTRYHey folks! if u missed out on the first entry supply zone after price made a change of character on 15 mins to align back to the H4 CHoCH, not to worry as theres a second supply zone to take a short from now. Our short term target for EURUSD is 1.0844 and our stop loss should be around 1.0925. Remember to always apply proper risk and money management on all trades. Love to see your comments
EUR/USD DAILY ANALYSIS // Jun 20 , 2023
D |
4H |
15M |
Daily:
The swing structure indicates a bullish trend, and the current leg's objective is to surpass the recent daily high.
It would be beneficial to analyze lower time frames for potential continuation entries.
4H:
We observed a significant supply zone, along with a bearish candlestick pattern. This suggests a potential pullback towards lower demand levels.
By referring to the 15-minute chart, we can seek short opportunities within the identified demand zone. However, it's important to remember that this is a pullback against the prevailing trend, so exercise caution with target levels.
15M:
The internal structure has shifted bearish, coinciding with the initiation of the higher time frame (HTF) pullback.
The failure to change the internal structure to bullish led to a sweep and a bearish candlestick pattern. Therefore, it may be prudent to seek further continuations of the HTF pullback.
Please note that the analysis provided is based on the information given, and it's always essential to incorporate risk management techniques and adapt your strategies based on real-time market conditions.
S&P 30m Analysis: Unveiling the Perfect Sell Setup for Maximum📈 S&P 30m Analysis: A Perfect Setup! 🎯
✅ Price successfully captured its buy side liquidity and formed a breaker block, signaling a prime opportunity for a sell entry.
📉 Targeting the untouched sell side liquidity, traders can aim for a remarkable 6.5 risk-to-reward ratio.
💰 With the option to book partial profits at 2.5 deviation or hold for the ultimate gain at 4th standard deviation, this trade is a true gem. 💎
EIGHTCAP:SPX500
Why candle closes are importantThis is an example of why candle closes are important when marking out a BOS which changed direction. Like here the low just got swept and went on to make another higher high. There is no real way to know if it is a BOS or a trap so it's best just wait and see if we get a candle close or in this case break the high. You could get a reaction on the lower timeframe but it could just be a reaction and not lead to anything.
EUR/USD -Swing Trade 'Short Opportunity'- Swing Short Trade opportunity for $EUR/USD
Short trade within Ascending Triangle,
which is a Neutral Pattern that can be broken either
to Bulls or Bears.
Demand yells for lower $EUR/USD.
Even on Volume Profile ; 4Hr* (TF)
Stay Sharp !
Until the next one ..
TRADE SAFE
*** NOTE that this is not Financial Advice
Please do your own research and consult your own Financial
Advisor before partaking on any trading activity based
solely on this Idea
EURAUD looking for sell at Supply ZoneBased on the chart, it is evident that EURAUD is breaking its previous upward trend, which is referred to as the CHoCH (Change of Character) pattern. The currency pair has created some liquidity and subsequently breached it. Currently, it is attempting to retest the supply area at the 0.786 Fibonacci level. Additionally, it is worth noting that the 0.786 Fibonacci level coincides with a supply zone and a previously broken resistance area.
Considering this information, it would be beneficial to adjust the timeframe to identify an entry point if EURAUD reaches the supply zone area.