2023.08.08 GU HTF Bias: NEUTRALAt the moment, GU could go either way at the moment.
LONG bias: Since it already took the daily bullish order block (BullOB D TAKEN line) and the 61.8% Fib (BullFib 61.8% D), it is possible that it will continue moving up to take the upper liquidity and order block level.
SHORT bias: Or, since there is still a daily liquidity level (SSL D) below and whole number 1.26000, it is also possible that it will take this levels first before moving up.
Icttrader
GU: Could start moving up after showing Market Structure ShiftI was seeing the daily bullish order block (BullOB D TAKEN) as the final target for the move down, and since that was already taken, I think price could start reversing back up especially that it already shown a market structure shift (MSS).
The bearish order blocks above could act as magnet to pull price up.
GU: Daily TF. Possible reversal to Monthly Bearish OB?This week price continued to move down as expected, taking some sell side liquidities (SSLs) and bullish order blocks (Bullish OBs) which acts as magnet of price. The Daily bullish order block was already taken so price could reverse back up to the Monthly bearish order block.
But since there is still a Daily sell side liquidity and the whole number 1.26000 below, price could still take these levels before moving up to the Monthly bearish order block
It is also possible for price to break thru the 1.26000 level and continue moving down up to 1.23000 level (the next sell side liquidity).
Currently waiting for more clues
ICT Concept: GU could still continue moving downPrice moved down and took SSL4H and bullish OB 4H then move up. It could continue to move up to take Bearish OB 1H or BSL 1H before moving down to take Bullish OB D. Or it could continue moving up to take Bearish OB 1H, pullback and continue to move up to take both Bearish OB 4H and Bearish OB D before moving down to take Bullish OB D
EURUSD BULLISH ARRAYS With price engineering liquidity through the current channel followed by an Accumulation,
Here's a possible AMD setup (Accumulation, Manipulation and Distribution).
Checklist for setup:
★Liquidity: SSL
★POI: Two possible 15m levels (I'd divide risk)
DOL: BSL (up. See follow up post).
Success to all.👊🏼
BEARISH IN DXYMy overall bias is bearish for the short term. I believe I will get a good entry in EURUSD when the price reaches the BSL (BUY SIDE LIQUIDITY) at 105.895. The order flow is also bearish, indicating a higher chance for DXY to be bearish and other USD pairs to be bullish. This is basically my insight only.
Have a wonderful trading week!
MMTrades
Buying Trend Continuation on CHFJPY. The Swiss Franc/ Japanese Yen pair appear to be on a strong bullish direction since September 2016. However, since January 2023, we can see a steeper and stronger bullish pressure on the pair.
The CHF/JPY pair is currently trading in a swing Premium level, and has been for months, but while we predict that the pair should sell, Fundamentals has also been adding to the massive gain in the CHF pair. Our confluences for a Bullish trend continuation include:
1. HTF bullish trend.
2. FVG range (146.402-149.287) is unbroken, but instead acts as a SUPPORT LEVEL.
3. Price hasn't still reached our main Point of Interest (POI, which is at 158.520).
4. Price is currently at Equilibrium on the Daily chart.
Therefore, we are expecting a consolidation on the 50% level, before an expansion towards 155.583. Let's be expectant between today and Friday.
Analyse of The S&P 500 Hello Folks.
The S&p 500 just breached the high at4227.25 of the candle of 19 May and rejected the Monthly C.E of the wick of the august candle, if the price retarce to the daily FVG showen here and find support at it i think that the high 4243.25 could be taken. if the price didn't respect the daily FVG and passes trough it i will treat it as a IFVG and i will look to take the Weekly SSL at the low 4114.00.
im open to all new idea and criticisms in the comment section
EURUSD Breakdown 1HRAfter having a High momentum Push down yesterday we see market moving upside in a low momentum so we expect sells highly to come in after filling the 1HR FVG and also taking out the BSL, So after taking out all those we wait for 1M Market shift and another BOS for 2ND Entry(Low risk) We SELLS
NQ 4/30/2023 AnalysisLast week NQ finally broke out of its accumulation range by a manipulation bearish to target the sell stops below the accumulation range then an energetic reversal bullish heading towards daily external swing high at 13348.
On Friday 4/28 at 4pm New york session close we took out Thursday's High (Buyside Liquidity) at 13333. Friday's bullish run created a big Fair Value Gap imbalance on the daily chart which I'm anticipating price to retrace down into fill in the imbalance during London and New York session.
Currently on Sunday open we gaped down creating a NWOG New week opening gap and is currently consolidating showing a bearish market structure on small time frame 1min - 5min.
There's equal lows (sellside liquidity) sitting around 13169 right before the Daily FVG created on Friday which is an added confluence that price is likely to draw lower into the FVG.
If we have a bearish Market Structure Shift I believe we can retrace back into the range to 13006 - 12957 before going bullish again to take out 13348
Cable Long During the london Killzone judas swing, price went and filled a fair value gap from the previous day and blocked by the +OB on the discount zone. After a Market sturcture shift to the upside. I entered long on the retracement targeting Premium arrays of previous day's high. The move was later fueled by USA CPI data which was positive.
EURCAD MASSIVE SHORTS COMINGThe EURCAD has just completed a market maker buy model ( MMBM) both on the 4hour timeframe and daily time frame
It has taken buy stops ( BSL) which is another confluence and reason to SHORT the EURCAD , we can remember that there is always SELL orders above Previous highs, either Previous week highs, previous day highs or old highs
Its time to find SELL entries and hold for a while. Kindly follow
DEVASTATOR FX
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