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GBP/USD Bullish Breaker Block Trade AnalysisIn my last publication I discussed the bearish breaker block so I thought it only appropriate to follow up with an analysis of a trade taken using the bullish breaker block. This is a similar setup to the one I last discussed on EUR/USD, except that it was bullish and on the lower 15m timeframe. Do not be fooled however, this trade was taken with a higher timeframe level in mind. This level was the equilibrium of the 1W bullish order block shown in the chart image below. These higher timeframe levels are very reliable since institutions trade off of them. Furthermore, given that GBP/USD has been in a longterm downtrend, I am only interested in taking bullish setups which form at higher timeframe levels i.e levels on the 1M, 1W and the 1D. On April 13th the market runs below the low of April 8th and then quickly returns above the low, back into the range (the stop hunt), but why does this price action occur? In and around this April 8th low lies sell side liquidity in the form of market orders to sell GBP/USD whenever price gets in and around this level. Breakout traders who would have sold the pair once the April 8th low was broken in hope of a breakout and traders who would be taking profits after shorting the pair at higher prices all have market sell orders at this level. Banks need all of this liquidity in order to pair with their huge buy orders, hence why the market "sweeps" the liquidity below the April 8th low and then turns bullish. Once price runs the low and returns into the range we look for the bullish candle which initiated the stop hunt below the low, this is the green candle before the bearish momentum, as seen on the chart. This is our ICT bullish breaker and it is represented by the blue rectangle in the chart. To trade it we wait until price breaks convincingly above its high, personally I wait for a break in market structure (BMS), and then entry is made on a retest of the breaker block's open. Note that the high of the breaker can also be used, however, using the open price allows for a smaller stop loss. Since this breaker was so small I used its high as my entry and my stop loss was placed below the low of the 15m order block. My stop loss was placed here because price should not violate this level if banks are seeking higher prices, if this level is violated then all interest in longs are lost and I accept my loss and remain on the sidelines. Additionally, I didn't place my stop loss directly below the low of the bullish breaker because this is a smaller timeframe and the stop loss would have been too small for my liking. Personally, I like to give my trades the necessary room to breathe, allowing for some movement against my entry. My target was the first buy side liquidity (bsl) area where banks will take profit by selling their longs. I have also outlined a 2nd buy side liquidity area which can be seen clearer on the chart if you scroll to the left. This post in combination with my previous one provides a complete guide on trading ICT breaker blocks. Thanks for reading and may the markets be with you.
Long
by FEDquant
ES have some migration left to the downside??1w- Range broke bullish ( 1BOS) into Range LG Creating (2) buyside UOB's 4HR-(2) Buyers OB's Pushed PA Down into BOS tapping the highs of previous LL Range, and testing Recent OB, creating equal lows in 4hr TOB 4HR in range liquidity top and bottom 1HR quick LG to 1hr TOB Creating Range equal Highs and lows, with Liquidity sitting on both sides, 4375 has 1hr UOB Current Price 4389 1HR is below 4hr Bullish CHoCH on 1hr chart if it breaks 4440 and LG, look for down move to 4365.25 to collect unmigrated liquidity. before making move back up to 4560. Gloss BOS - Break of Structure LG - Liquidity Grab ( Stop Hunt) OB- Order Block UOB - Untested Order Block TOB - Tested Order Block PA - Price Action LL - Lower Low CHoCH- Change of Character
CME_MINI:ES1!
by quantumiam
GBPJPY: Liquidity Run 🚴I expected price to collapse after the liquidity run but it seems like new equal highs have been created to trap more sellers. Because of this new formation, I will be waiting to see if price wants to go higher into the next supply zone before considering sells. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
24
We lost 4,6% in 20 minutes, like I said ! - BTCUSDT ANALYSISHere we are again, like said in the past analysis (attached to this one) we can see the stop hunt pattern. We lost 4,6% in approximatly 20 minutes and all of it due to the stop hunt pattern. However it don't seems to be a flush to my eyes (for the moment at least) so this mean that there will be opportunities to enter on the support. And it's not finished too ... Like I said I target the yellow area to consider the movement like a proper spring of Wyckoff accumulation pattern (lower it is in the area better it is). But we just entered on a closer area which can do the job also (red one). Like I already explained, it's hard to determinate ths SC point, because there is this big flush on the 4th december which hide it in an exaggeration of market. However if the red one had to do the job we will see it directly in the next hours with huge buying volume, but I don't think so and my vision is always to aim the yellow area. There could be a good conjuncture between the broken resistance of the down channel and this area also (we didn't reinstate into the channel so it's always a support). Also, even if we go lower than the yellow area, don't forget that we are on support until $39,500 and we are not in bear market until $28,200. It's an hard moment for some beginners where emotions are roughed up. But it's also the moment where you win most of your momey .... by not losing it . So don't worry, be happy, be patient for opportunities and like always, only one advice to give : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" . PS : Apologize for my english, I do my best. Don't forget to like, follow or even comment if you like, it give me some strength to continue !
by Kentg
10
EURCHF on its way to ATL1. Be aware that the SNB (Swiss National Bank) had set a minimum exchange rate of 1.20 CHF per EUR for some years to keep Switzerlands economy in place, because we rely on exports. 2. This synthetically set level can be seen in the period from 2012-2013 where the price basically did nothing for weeks and was just kept alive at that rate 3. On 15.01.2015 this synthetic minimum price was abolished and the price dumped instantly to under the equilibrium, even to 0.96 EUR per CHF. Historical moment! 4. Notice the bearish retest in 2018, what a beautiful rejection there at the last support from 2015. 5. Around start of the pandemic in march 2020 we had a bullish retest of support at bullish weekly OB indicated by the "tick" in green. 6. At the moment we broke this support and I am expecting another break and retest of this 3-month support @ 1.0418. 7. Last but not least, there is a big liquidity pool resting around the sell stops at 1.0234 , above and below. Probably will act as a magnet for price action and a big stop hunt happening there. CONCLUSION: --> EUR is at the brink of doom here, holding at the last support in its entire history to the Swiss Franc. --> the narrative behind the weakness of EUR is the non-stop-printing of new money during the pandemic caused by the ECB --> add the relatively stable condition of the swiss economy regarding the rest of europe into the mix, and you have enough reasons to sell your EUR to CHF As a swiss-based trader, wanted to have a look at my personal exchange rate for buying things abroad or taking bigger investments like land and real estate in cheaper european countries. Applying some fundamental knowledge here, but mostly the chart explains itself with its price action. Hope this chart gives some clarification and insight!
Short
by coinnection
5
Understanding News ManipulationIt is crucial to understand the price action prior to a high impact news event. Analysing the range to the left beforehand can help you determine what move is likely to come next. In this example, we saw the price was driven down by the bears to stop out buyers, only to reverse immediately to the upside moments after the news had been released. By studying and acquiring knowledge like this, you can predict market moves that are likely to come with fundamentals. Find the liquidity and trade it, or be the liquidity.
Education
by AlkalineFX
10
XRPUSD - HUNT LIKE A BOSS!After the micro bullish breakout seen on XRP, we believe that the current buying exhaustion combined with lured shorting activity after the first push will cause a two-step stop hunt. This would be the best scenario to place shorts on XRP considering that its legal issues have not been resolved yet. We highly encourage you to manage your risk by scaling your entries chasing the price near our entry levels, instead of placing one order. Let me know your thoughts! Good luck!
Short
by CryptoAlkaline
2