Based on the MNQ chart, the market appears poised for a bearish continuation, with a potential move toward 20,305 by January 20th. Using ICT concepts, the price has recently filled a significant portion of the Daily Fair Value Gap (FVG) between 21,127.50 and 21,742.50, indicating that inefficiencies have been mitigated. This is often a precursor to further...
Please be patient. Tomorrow, we will witness potential heavy bullish action, leaving a trail with clear targets. Tomorrow, I will be shorting after the 8:30 AM news if I see price action leaving footprints.
This week promises to be intriguing with the Non-Farm Payroll (NFP) release scheduled for Wednesday. My focus will be on Monday’s London session to potentially set up a buy scenario for Nasdaq, aiming for the 21450 level. I plan to approach Monday with reduced risk and lighter trading volume. Tuesday looks more dynamic, as I’ll be targeting a short setup if the...
My daily target for MNQ towards my daily point of interaction was reached. My target idea is to short, aiming for 20,680.0 I’d like to see the setup form prior to PMI on 1/7/2025 and ensure it gets the push it needs from this week’s FOMC.
Upon entering my POI i assumed risk and entered a short position targeting my Long term target 20680.00
I believe the current delay for the dxy is coming to an end. If my structures are to be respected correctly we shall see a move similar to this play out.