On the weekly chart, the market shows a bullish structure. However, it is currently in a decline driven by a rejection block that, according to ICT concepts, signals a trend reversal. In my view, buyers will aim to dominate the market within the Discount FVG zone, with the objective of pushing the price up to the imbalance created above in the rejection block. If...
The dollar has been strong in recent weeks, considering that the two indicators I find very impactful for the dollar, the ADP Non-Farm Employment Change and the Non-Farm Employment Change, came in much higher than expected, leading the dollar to recover about 80% of the previous drop.
Note: These two indicators will be published next week, with the ADP Non-Farm...
In the trading idea I posted about the continued decline of EURUSD, as I mentioned, the market made a pullback for a subsequent continuation of the downtrend. However, the scenario did not meet my operational metrics, so I ended up trading AUDUSD because it perfectly fit my metrics. I couldn't share the idea because it wasn’t a setup where I opened the AUDUSD...
The market is in a strong downtrend. On Thursday, there was a break of Wednesday's low, showing the sellers' willingness to continue the decline. On Thursday, there was a buying movement in the premium zone, which to me was a false move, a pullback. On Monday, there was a downward movement toward the low at 1.08111, and after the break of this level, I expect the...
