Road_2_Funded

Road_2_Funded

Considering my bullish bias on the DXY, and the currently bearish price action on GBPUSD, I am anticipating price continuing lower with a short-term objective of a Weekly Wick's Consequent Encroachment. Price bottomed off a Weekly Bisi to the tee, and closed above a NWOG at big figure 1.2200, leaving a Weekly Sibi in it's wake. There are 2 areas I am currently...

177:25

Road_2_Funded

Decyphering price using ICT Concepts.

Road_2_Funded Updated 

If price doesn't reach the final 30m Sibi, I would like to see a possible long entry form. I am anticipating the annotated 30m Bisi (R2F) to be a POI for an entry, but if the current candle doesn't break its low, then a new potential area would have formed. This is a counter-trend trade, so swings are not recommended until further confirmation. For better RR,...

Road_2_Funded

Long and short scenario for EURGBP. Scenario (A) is relying on a reversal from a Bullish 4h Breaker Block before moving higher. Scenario (B) is relying on a retracement from a Bullish 4h Breaker Block up into a Bearish 4h Breaker Block before moving lower.

119:20

Road_2_Funded

Reading price action daily using ICT Concepts.

Road_2_Funded Updated 

How convenient it was to stop right at the descending trendline for the week. In my eyes, this is giving time for traders to formulate their "predictions" on where DXY is going to go. I expect some funny business to happen to shake out any support & resistance, as well as breakout traders, culminating with an explosive movement to the upside. I really like the...

Road_2_Funded Updated 

Based on my DXY analysis, I will be expecting lower prices on GBPUSD. I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting...

Road_2_Funded

Past couple of weeks we've the DXY continually rebalancing immediately and pushing higher. Last week's high stopped right in its tracks at the Mean Threshold of a NMOG. Random, right? Other than that, nothing of too much in interest in terms of a swing trade POI. However, I will still be expecting price to push higher. (See previous analysis on the DXY).

Road_2_Funded

EURUSD is still digging lower, recently attacking Sellside Liquidity in the form of relative equal lows and a Monthly low. On the Weekly timeframe there is nothing that piques my interest. Price has been going from PDA to PDA on its way down. I still anticipate it heading low for more relative equal lows, which coincides with my bullish bias for the DXY.

Road_2_Funded Updated 

Contrary to GBPUSD, EURUSD ended last week with a very bearish candle, couple with relative equal lows. A point of interest for me at the moment is the Weekly iFVG residing above to be used as resistance, especially if price does not break the nearest Weekly Lows to the left with any conviction. Based on my bullishness on DXY, I see EURUSD digging deeper...

109:17

Road_2_Funded

Reading price action daily using ICT Concepts.

Road_2_Funded

We have more clues on the Weekly timeframe. Most recently, price broke out of a descending trendline and immediately rebalanced into a small Weekly Bisi (annotated by red arrow), which is usually indicative of rapid continuations to follow. As a prediction, I see price digging into the Monthly Sibi and the nested Weekly Breaker Block and possibly Weekly...

Road_2_Funded

The Dollar Index has displaced to the upside on the Monthly timeframe. Prior, it dipped into a Monthly Sibi for multiple months before one final stab and bounce. Current targets are the NMOG and digging into the Monthly Sibi. As a result we should see lower prices XXXUSD pairs in the coming. Seasonally, mid-October sees an incline on the DXY.

Road_2_Funded

EURUSD is clearly heading lower on the Monthly chart. There was a sharp rejection at the large NWOG above, after taking out a Monthly High, and the Monthly candle failed to close above the previous Month's highs. Now we have displaced towards the low of the recent intermediate Monthly Low. I don't see us heading to new highs from here, and at the very most a...

Road_2_Funded

There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle. Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market. The only concerning thing is the Commitment of Trader report with large specs still being heavily...

Road_2_Funded

On the weekly timeframe I have a POI for a potential reversal to the upside (or at least a retracement), which is at a 2 week FVG, possibly digging into the weekly wick Consequent Encroachment slightly below. Price recently reacted off the high of a NWOG this week. I am keen to see how it plays out from here. -R2F

Road_2_Funded

Last monthly price fell short of a monthly FVG and this month retraced lower that last month's low. Price is currently finding some support at a confluence of PD Arrays (Monthly Order Block, Monthly Breaker Block, and Consequent Encroachment of a inverted monthly wick). I have no bias at the moment on this timeframe as price could go either way, and we may see...

Road_2_Funded

Price displaced up, to and through the NWOG, stopping almost exactly the top on the weekly timeframe before getting rejected almost just as quickly as it got there. The previous week traded into a weekly FVG above, and in IOFED fashion it displaced back down to a weekly iFVG. Currently, price is at equilibrium and could go either way from here. I will be...