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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