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GBPUSD Long IdeaThe GBPUSD currency pair has a rather unique fundamental condition, where we cannot simply look at which monetary policy is more dovish or hawkish. However, I will explain a bit more from a different perspective. Inflation data in the UK has already reached its mandate at 2.2%, while the Fed is still far from its 2% inflation target. This could lead to a narrative where the Fed is seen as failing to control USD inflation. This perspective can apply to other currencies as well; when the USD weakens, other currencies may strengthen. Buy : 1.28450 Stoploss : 1.27950 Take Profit : 1.33450
Long
by ICT_ID
EURGBP Long IdeaInflation in the Eurozone remains at 2.6%, which could potentially make the ECB more cautious about cutting interest rates. Meanwhile, in the UK, inflation has dropped drastically to 2.2% at present, indicating that the Bank of England's mandate target is nearing. It is highly likely that the BoE will cut interest rates further, potentially by more than 25 basis points. In the EUR/GBP pair, there is a significant potential for upward movement even though it is currently in a sideways trend on a larger timeframe. Buy : 0.84050 Stoploss : 0.83700 Take Profit : 0.86150
Long
by ICT_ID
2
EURAUD Sell IdeaThe reason I am selling the EUR/AUD currency pair is because inflation in the Eurozone has eased to 2%, which could prompt the ECB to cut interest rates again. Meanwhile, inflation in Australia has risen slightly while the Reserve Bank of Australia has kept interest rates unchanged, and on the other hand, Australia's trading partner, China, is making efforts to boost its inflation, which has been under pressure, by cutting interest rates and providing future stimulus. Therefore, the AUD has better long-term prospects compared to the EUR. Sell Limit : 1.65700 Stoploss : 1.66100 Take Profit : 1.64500 Be safe and protect your capital with stoploss
Short
by ICT_ID
9
BITCOIN Is Bullish! Heading To the Highs!After breaking the ATH (All Time High) in March, BTC has formed the a huge Bear Flag, incrementally retracing to a Weekly bullish FVG (Fair Value Gap). The +FVG has proved to be resilient, holding price from going lower... and now price is rallying from said +FVG. Friday, price formed another +FVG on the Daily TF. This is the bullish indicator I look for to get a sense of the order flow. Should price pullback into the Daily +FVG, it will use it to move higher toward the ATH. ICT has taught that price will move towards the "smooth edges" when seeking liquidity. Look at the path to the ATH. It is a series of highs that at relatively close together. Compare that to the lows. Price had a hugh heat seeking liquidation wick to sweep the sell side liquidity before moving higher. The liquidity pools are above now. Price moves from IRL->ERL->IRL. This is how a trend works. HH->HL->HH. Price is now moving from Internal Liquidity (FVGs) to External Liquidity (HIghs/Lows). This is how the market moves. It's all about the liquidity.
COINBASE:BTCUSD
by RT_Money
Trading AUDUSD | Judas Swing Strategy 21/08/2024Last week, the Judas Swing strategy produced just two trades, both on EURUSD. It served as an excellent lesson in risk management; despite having one win and one loss, we concluded the week with a profit, securing a 1% gain. Even during a slow week, we concluded on a positive note, and it's these small victories that sustain a trader's enthusiasm for the new opportunities each week brings. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone We now wait for the high or low of the trading zone to be swept, which would guide our bias for the session. After 1 hour and 35 minutes, the low of the zone was swept, indicating that we should look for buying opportunities during this trading session After 35 minutes, there was a break of structure (BOS) to the buy side, leaving behind a Fair Value Gap (FVG). Now, all that remains is to patiently wait for price to retrace into the FVG, presenting us with a trading opportunity The subsequent candle formed a bearish marubozu, closing the gap left from the previous upward move. We executed our trade after the candle's closure, as it met all the criteria on our checklist After executing our trade, we experienced minimal drawdown as the position quickly turned profitable. These are the types of trades we all hope for, aren't they? All we need to do is wait for our Take Profit (TP) to be reached, right? Let's observe the outcome. Price got close to our TP and then began retracing. This is the moment when traders who have not thoroughly backtested their strategies might panic and close their trades prematurely. Some may consider moving their stop loss to break even; however, our backtesting data shows that this approach does not benefit us in the long run, as price may hit the break even point and then proceed in our anticipated direction. Therefore, in such situations, we should not panic; instead, we patiently wait for either our TP or Stop Loss (SL) to be triggered. Price returned to our entry point, and at this juncture, traders who risked more than they could afford are likely experiencing an emotional roller coaster. However, we remained undisturbed since we only risked 1% on this trade with the aim of achieving a 2% return After 3 hours and 30 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on AUDUSD, resulting in a 2% gain from a 1% risk on the trade.This trade served as an excellent illustration of the importance of patience and adherence to your trading plan. We hope you have gained some insights from this.
by CleoFinance
AUDUSD Long IdeasThe reason I chose to buy the AUD/USD currency pair is as follows: The RBA has kept interest rates on hold for a longer period due to inflation remaining stable and experiencing only a slight increase, which is favorable for the Australian economy. Meanwhile, the economic outlook for China is potentially improving, as interest rate cuts will continue if China’s economic data is found to be unsatisfactory. On the other hand, the Federal Reserve is getting closer to an interest rate cut in September. For market participants, this is a dovish signal for the USD.
Long
by ICT_ID
2