Nifty laying traps... another one for sellers...Hello Traders!
The market is constantly trapping sellers without moving to the downside. Right now, nothing in draw on liquidity is obvious. It, frankly, can go either ways . And what does it mean when we can frame both sides of market using ICT concepts? It means that we have LOW PROBABILITY conditions . I'm sitting on the sidelines until the market gains clarity, favouring buyside delivery.
As long as the invalidation low of 22725 holds, my bias would remain bullish . Once that low is taken, I'm not interested in price and would wait for the market to provide more info.
When it looks that it can go either ways, the market structure gets filthy and PRECISION leaves the chat. WAIT FOR MORE CLARITY . Or gamble . It's absolutely your choice .
Have a safe trading day.
GLGT.
Ict
Fibre/EURUSD ready to move higher...Hello traders!
There is so much on the Daily chart of Fibre that points to obvious bullishness of the market that I could not place all of it on the chart. But I have marked what seemed crucial to be seen.
Market has taken smooth lows of 15th, 16th, 17th, & 20th January, 2025 and strongly rejected from 1.02113 . Also, observe how 20th January's daily candle shifted the market structure . We're inside a Bullish breaker on the daily, supported by a daily ifvg (check how the market has respected the consequent encroachment of that gap perfectly).
Things don't end here. DXY has broken the range to the downside with lower draws. Market symmetry is currently missing but Fibre should follow DXY soon.
The draw and the targets for the weekly range have been marked on the chart. Equal highs is the low hanging fruit.
Narrative is paramount when it comes to applying ICT concepts. That takes a lot of practice and time. Having said that, let's discuss when this idea will be marked as failed. 3 PDAs. If 3 PDAs fail on the daily timeframe, I'll not engage the market and wait for more feedback from the market.
Have a wonderful and learning-oriented week.
GLGT.
Pulling the Elephant by the tail...Hello traders!
Sellside has been delivered... Any shorts now are in grave jeopardy... Chasing the market at this point is like pulling the ELEPHANT by the tail and expecting it to get pulled...
In short, enjoy the weekend now and kill all short positions... Sellers in jeopardy for the last hour of trading... Market repricing to 22922 and above.
GLGT.
Not financial advice....
Nifty about to TRAP longs... Bullish? Think AGAIN!Hello traders!
I'm looking at equal lows/sellside as the draw. My narrative is that we would take out any longs remaining with BUYSIDE at 23144.70 .
If we gap up above buyside, which is what I expect, it would be an easy day for shorts.
If we gap down, we may see a rush up to buyside and then take the move forward to SELLSIDE at 22786.90 .
But whatever the gap scenario is, my draw remains towards 22786.90...
GLGT!
Not financial advice.
WILL THIS ORDER BLOCK HOLD AND REVERSE THE PRICE OR NOTWhether an order block will hold and reverse the price cannot be guaranteed; while it indicates a potential area for price reversal due to accumulated buy or sell orders, several factors like market conditions, price action, and volume need to be considered to assess the likelihood of a reversal at that level
WILL THIS BEARISH ORDER BLOCK HOLD THE PRICE OR NOT.To evaluate whether a bearish order block will hold the price, it typically need to consider several factors, including:
1. **Market Context**: Understand the current market sentiment (bullish or bearish) and trend. Is the overall market in a downtrend, or is there potential for a reversal?
2. **Time Frame**: The significance of an order block can vary depending on the time frame you’re analyzing. Higher time frames (like daily or weekly) usually carry more weight than lower time frames (like hourly or 15 minutes).
3. **Price Action**: Look at the price action leading up to the order block. Is there momentum in either direction? Are there significant support or resistance levels nearby?
4. **Volume**: Analyze trading volume around the order block. High volume may indicate stronger conviction in the price action, while low volume could suggest a lack of interest.
5. **Market News and Events**: Economic releases, earnings reports, or geopolitical events can impact price behavior and may affect whether an order block holds.
6. **Liquidity**: Ensure that the market has enough liquidity to sustain price levels around the order block.
Always conduct thorough analysis and consider risk management practices in trading.
a bearish order block failed to hold the price in it. Here’s an analysis of the situation:
Bearish Order Block Defined:
The bearish order block is the last bullish candle before a significant downward movement, often acting as a supply zone where sellers are expected to be strong.
Reasons for the Wick Break:
Liquidity Grab (Stop Hunt): The wick could represent a liquidity grab, where price briefly breaks above the bearish order block to trigger stop-loss orders placed by sellers or to entice breakout buyers before reversing.
Market Imbalance: There could have been a need to fill orders at higher levels due to prior inefficiencies or imbalance in the market.
Strong Bullish Momentum: If buyers were dominant, the bearish order block might have failed to hold the price, albeit temporarily.
News or Economic Events: Unexpected news or data releases could cause a spike in volatility, leading to such wick formations.
Outcome of the Wick:
Following the wick, it seems the price returned below the bearish order block, indicating that it was likely a false breakout or liquidity grab, and the bearish order block remained relevant.
I also love to here more solutions from you. Feel free to comment...
A quick retracement; contrary move in AUDUSD...Greetings fellow traders!
Bullish Purge and Revert in progress in AUDUSD. The purging 4h candle's high is broken and we have the confirmation. Long till 0.66599 .
Do remember this is a contrary move , against the bias . Traders are professional losers . Be professional .
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
All we need is just one concept... AUDUSD bearish...Greetings fellow traders!
I was originally bullish on AUDUSD, until I hit consistent stops on my longs which pushed me to check higher timeframes for clarity and bias . I really love the Purge and Revert concept as it's easy to spot and trade. The 2022 model combined with P&R...
Trading is simple, but not easy . The more we complicate it, the tougher it gets.
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
Yen to go bulls till 162... Greetings fellow traders!
I have always been majorly bullish on the Yen. I expect to see it tap 200.000 some time in the future. But that's just a weak expectation and not a proper forecast. Let's get into what 'my' forecast is.
Yen swept the sellside liquidity below 140.000 , which was Dec'23 swing low, in Sep'24. The structure shifted on the weekly timeframe (marked as wmss) with a strong bullish marubozu type bar, showing the excitement and strength of the market.
The seasonality of Yen tells us that the pair tends to peak around November-December . Now, if we club this with the current scenario and data, we can expect market to hit 162.000 before New Year 2025 . Is that a necessity? Of course, no. But that is what we expect after reading the market. What does @I_Am_ICT always say? The market does not have to get to where we want it to go, to be profitable.
The major concept that I've applied in the whole analysis is Purge and Revert on the monthly timeframe & clubbed it with various other scenarios and timeframes to conclude to this analysis. There are certain levels and imbalances which can be of value and have been marked on the charts attached. One may refer to them for more info. Trading conversations are welcome.
PS- It can be expected, looking at the daily and LTFs, that some retracement into discount prices is possible before a rally.
Have an insightful trading week ahead!
Disclaimer- All content is for educational purposes only and not trading advice.
SMT between NIFTY and IT?Have been back-testing indulging in ICT/SMC concepts and have been noticing bearish SMTs/divergences being formed between BANK, IT and NIFTY (higher highs and lower lows) every time NIFTY proceeds to correct heavily.
Seeing how IT dumped relative to NIFTY's run today, I was hoping to find something like this.
Could be context to an incoming correction.
-GSS
USDZARUSDZAR seem to be programed not to trade below the 18.00 price. I would really like to see a small pull back before we shhot up, its gonna be a sniper entry or nothing, you can set an pending order for buy or patiently wait for manual execution. Remember to use pro risk management. Lets Download Success.
ICT- 4 ITC HAHA ICT=ITC anagram...
ITC currently has iCT concepts in play and I am expecting a target of 456. The first FVG formed around 412.. sadly I missed the entry. A continuation FVG formed at 423 where I have entered and am expecting 456.
ITC earnings can create volatility but set up is solid and concepts are in play
Yes price action has already happened but this is just to show you a new perspective of the market and how these concepts work.
Keep it Simple
Apollo Tyres- ICT 2 Concepts Of ICT- Part 2
A liquidity grab took place followed by a market structure shift leading to an imbalance being formed ( FVG ). The market beautifully trades back into the imbalance and a target of 0.5 Fib level was achieved.
Keep It Simple
All concepts from 2022 Mentorship
NIFTY 50 VIEW FOR 9th APRIL 2024Nifty has been showing some strength now. Expecting it to continue moving up and create new ATH and make a new one. It can test the marked Demand zone 1 ( 22530 - 22459 )or Demand zone 2 ( 22193-22088) and then move up to take the ATH too.
THIS IS MY PERSONAL ANALYSIS FOR MY PERSONAL TRADING.
FIN NIFTY 8th APRILFin Nifty has a bullish bias. We can expect the price to move up and target the ATH. We can see a pullback to the demand zone(20856 - 20738) too before it starts showing it's strength.
It may not test the demand zone and make a new ATH too since momentum is there.
THIS IS MY PERSONAL ANALYSIS FOR MY PERSONAL TRADING, NOT ANY TRADING TIP OR RECOMMENDATION.
PVRINOX long based on ICT concepts. Swing trade
PVR has swept a monthly low and closed above a bearish weekly FVG so for the time being, I will be expecting higher prices. On the daily chart, we have a sweep at the lows again before creating a new bullish FVG upward.
I do not think price will retrace deep into the recent bullish leg because of all the PD arrays stacked one against another. Therefore, I will enter at the midpoint of the most recent bullish FVG and target the weekly imbalance with stops at the low.