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.
Ict
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.
NIFTY FIN VIEW FOR 26.MARCH.2024Fin Nifty has covered the Imbalance. It also tested Demand zone ( 20485 - 20235 ) and then trying move up higher to fill the Gap area .But looking at the market conditions, it looks like it can break the Demand zone and move down lower.
THIS IS MY PERSONAL ANALYSIS, FOR MY PERSONAL TRADING.
IM NOT SEBI REGISTERED
FIN NIFTY Analysis For Today 19th March 2024Fin Nifty is showing a pullback now. Expecting the market test the Demand zone ( 20485 - 20235 ) and then move up higher to fill the Gap area .But looking at the market conditions, it looks like it can break the Demand zone and move down lower.
Im Not SEBI Registered.
This Is My Personal Analysis For My Personal Trading.
Im Sharing It Here On Behalf Of Experience.
Bank Nifty Analysis For 19th March 2024Bank Nifty has made a lot of Imbalance (46345 - 46981 ) to be filled on the down side. spend some time inside the Demand zone marked and then slowly move up towards the high. But looking at the market conditions, it looks like it can break the Demand zone and move down lower.
This is my personal Analysis for my personal trading.
Im Not SEBI Registered.