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Ictbreaker

gbpjpy monitoring currently GBPJPY is near a key weekly SR level, I would remain bullish for intraday positions because the daily bearish block has been violated with a clear uptrend channel. Many confluences. Overall on the monthly this is bearish market but my inner trendline on the daily has been violated confirming my short term bullish perspective. Furthermore, on the 4hour chart I would like to see if the breaker is respected or violated. If it is violated price would have to close outside of the 4 hour inner trendline and i would collect profit at 138. If the channel remains strong and weekly SR is violated i would buy pullbacks.
by hsa2501
ICT Breaker #01 // EURUSD 1H. Watch @1.11820 My notes on the ICT Breaker concept. The Breaker The open float usually gets knocked out by the Smart Money. When that happens, the move up to trigger stoplosses is called the breaker: Bearish breakers are runs lower Clearing out the previous low Transforming in a bullish market The bottomlevel orderblock will not be reached by the retracement down Instead the orderblock that caused the breaker will be used as support to push market up again. (In this case the green cross reflects which stops have been taken out. The red area is the breaker that formed. The red arrow is the topline of the breaker. The blue lines are bullish orderblocks, orange lines are bearish ones.) I am trying to apply the ICT Breaker here on EURUSD to explain some of the future moves happening. Personally I want to see us ignoring the breaker because I'm short. Though this justifies getting out of the short at that level, and for those of you that seek long positions. But if it does react at least I'll have a working scenario to reflect upon, because I'm not very skilled in detecting breakers yet. Join the ride in my learning experience and please do not trade based on merely my analysis. Thanks!
by UnknownUnicorn468659