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Nifty moving into premium array, might reject and continue downI'm new to ICT concepts and trying to understand the market using that. Now here, NIFTY is moving right into a daily premium array formed by the gap on 17th Jan 2024. If NIFTY rejects of this premium array in the coming days we might fall and target the daily DOL at 21137.20, breakdown of which will indicate the pullback on the weekly chart. However, if it blows through the premium array because of tomorrow's budget news, we might see a pullback after breaking the highs of 16th Jan 2024. Weekly and daily are giving bearish arguments while on the 1h chart, with the break of the intermediate swing high of 23rd Jan 2024 is signaling bullishness in the short term. If the market opens and moves lower into the hourly discount arrays (FVGs), we might see a 200/300 point move up from 21500/21600 - 21800/21900 before falling back.
NSE:NIFTY
by Ripul012
3
AUD/USD Sell Trade Based on Technical Analysis-Forex Pip TargetsDescription: Embark on a lucrative trading journey with a compelling Forex opportunity that revolves around an AUD/USD sell trade, meticulously analyzed through advanced technical indicators. As the global financial markets continue to evolve, strategic traders are eyeing this potential profit-making scenario with great anticipation. Technical Analysis Highlights: Bearish Trend Confirmation: Comprehensive technical analysis reveals a clear bearish trend in the AUD/USD currency pair. Multiple indicators, including moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence), align to signal a downward trajectory, providing a solid foundation for a sell trade. Key Resistance Levels: Critical resistance levels have been identified through careful analysis of historical price action. These levels act as formidable barriers, further validating the potential for a downward movement in the AUD/USD pair. Chart Patterns: Recognizing chart patterns is crucial in predicting market movements. The presence of bearish chart patterns, such as descending triangles or head and shoulders formations, adds weight to the sell proposition, enhancing the probability of a successful trade. Forex Pip Target Projection: In this sell trade opportunity, traders are encouraged to set a realistic pip target to maximize profits while managing risk effectively. The Forex Pip Target for this AUD/USD sell trade is conservatively projected at pips, offering a balanced risk-reward ratio. Risk Management Strategy: Implementing a robust risk management strategy is paramount in navigating the uncertainties of the forex market. Traders are advised to set stop-loss orders strategically, protecting their capital from unexpected market fluctuations. Additionally, monitoring the trade closely and adjusting stop-loss levels as the market progresses is essential for optimal risk management. Conclusion: Seize the moment and capitalize on this carefully analyzed Forex trade opportunity in the AUD/USD pair. The sell trade, backed by comprehensive technical analysis, presents a favorable risk-reward profile, making it an attractive prospect for traders seeking potential profits. Stay informed, stay strategic, and embark on this trading endeavor with confidence. (Note: This description is a generic example and should not be considered as financial advice. Always conduct thorough research and consider consulting with a financial professional before making trading decisions.)
Short
by forexpiptarget
GBPUSD Journal EntryNote : I am Learning student of ICT trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student) So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move Note :: Always have narrative and short term bias in your mind for more detail Watch ICT Month 5 , 6 , 7 , 12 And video of ICT from Core content (what to focus on)
Education
by IBT_A
EURUSD Journal entryNote : I am Learning student of ICT trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student) So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move Note :: Always have narrative and short term bias in your mind for more detail Watch ICT Month 5 , 6 , 7 , 12 And video of ICT from Core content (what to focus on)
Education
by IBT_A
ICT Approach to EURUSD Short.Hello traders! I'm not going to elaborate on this too much. We're hitting equilibrium prices on the weekly and daily . Resistance expected . We also have a Daily Bearish OB that has already been tested, thus confirming a bearish move. The white box is a mitigation block which was not tested clearly earlier and left a gap. That what is expected to be filled. Hope you find this analysis useful. Only for educational purposes. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Short
by UnknownUnicorn27677748
Gold price rising? Only to plunge again! ICT Approach To XAUUSD.Hello Traders! We see a test of the 2080 resistance level once again. Weekly and daily ranges are marked on the chart. The market is in premium zone on the weekly and Lower High (LH) picture is maintained on the daily. Also, we're in a discount zone on the daily . Hence some retracement to equilibrium and the daily bearish order block (OB) is expected. The daily OB is also overlapping with a weekly bearish OB . That makes the 1940-1945 zone an extremely important resistance. Strong selling is expected from the said level. The quarter has just ended on 30th June 2023 and this quarter is expected to be bearish as well. Although the seasonal tendency of XAUUSD in July is bullish, the same may not be expected this time but could be a cause for deeper retracements. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
EIGHTCAP:XAUUSDShort
by UnknownUnicorn27677748
DXY bullish? ICT Concepts application.Hello Traders! I mentioned in the last update of the BTC idea, how I started learning ICT concepts, around a month back. This is the first idea to be published based on those concepts. One must understand that these concepts are vast, and I've only begun it. Everything gets better with more and more practice. 1. Let's begin from 14th April 2023, where DXY market made a new swing low on the daily. We see a massive, fast move up. A 4hr swing high (white highlight) is broken. The market makes a double top (red highlights) and falls. 2. Since, a swing high was broken, we could look for potential moves up from the white 4hr POB (potential order block). This block also coincided with the 70.5% percent Fib level. This Fib was taken from an institutional level of 100.50. I know. Those who don't know ICT concepts find this amusing and, at times, even stupid. But it really does work. I initially was wary of using it but, the more I practice, the more I gain the confidence of doing this. Test it out yourself before you take my words. 3. Market moved up drastically just as was originally expected, grabbing the liquidity from above the double tops and creating a new swing high (neon highlight). ICT stresses on looking at equal lows or highs with suspicion. Every trader knows that the stops of the people who shorted and the orders of people willing to go long on the break of the high rest there, creating liquidity. 4. This new swing high gave us another window of likely opportunity. In my understanding, until a new swing low breaking the old swing low (blue highlight) is made, the market is primarily bullish. 5. More liquidity rests below the equal lows where the market has created the current support upon. It may not necessarily go for that liquidity pool, but it definitely can. 6. The new 4hr POB (fluorescent rectangle) could also hold potential for an up move. I hope this gave you something new to learn today. If you already know ICT concepts, then that is amazing. I still have a long way to go. All of this is only for educational purposes. Please take advice from your financial advisor before taking any financial risk. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
TVC:DXYLong
by UnknownUnicorn27677748
10