Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023. Recap on yesterday 20th Feb Monday There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI. Idea I'm...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023. Recap on yesterday 20th Feb Monday There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI. Idea I'm...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Monday, February 20th, 2023. Fundamentals Recap on last week In January, prices for food, energy, and housing in the US went up, causing inflation to rise by 0.5% and a 6.4% increase compared to the previous year. In February, the NY Fed's manufacturing survey showed some...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 14th, 2023. Idea With price tapping into our previous area where we expected it to go, price is now within the Consequent Encroachment (CE, 50% of FVG). Expecting price to head down to possibly retest the H1 FVG for today before the US CPI release. As...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Monday, February 13th, 2023. Fundamentals Recap on last week Fed Chairman Powell's comments impact market, causing shifts in risk appetite and dollar. Market focuses on Fed's reaction to potential recession, not US entering one. Tension over possibility of Fed cutting rates...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for next Monday, February 6th, 2023. Fundamentals The NFP data release on Friday resulted in a way better than expected result 517k expected VS 193k forecast. This resulted in the DXY strengthening greatly. Idea With price causing a BOS, I'm expecting price to likely move...
Hello, I would like to share a trade idea for a potential price target for GRAB. Idea Price seems to have formed a retail "W" formation. Expecting price to continue bullish and head towards the market gap at 4.84, where the 61.8% Fibonacci line is. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for next Monday, January 30th, 2023. Idea With price causing a double BOS, I'm expecting price to likely move towards the 1.08260 area, where the H1 FVG & 61.8% Fibonacci line are. It's also worth noting the 1.07826 area where the liquidity hotspot is. Price could possibly head...
Hello guys, Currently DXY is resting on a strong support area at 101.773. Just a quick recap. We had the advanced GDP news release which saw a 2.1% growth in 2022 despite challenges like recession fears and high prices. The job market remained strong and people were optimistic about the future. If the Core PCE Price Index m/m data release yields are better than...
Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for next Monday, January 23rd, 2023. My weekly bias / analysis suggests that the price will likely move towards the 1.09446 area, where the 50% Fibonacci line on the weekly timeframe coincides with the relative highs which are liquidity hotspots. For entries, it's important to use...
Are you feeling the relief at the checkout? Wholesale goods and services prices have dropped sharply in December, indicating inflation may be easing. Want to stay on top of economic updates? Follow us and give this post a 👍🏼 if you found it informative. Don't forget to save for later reference 📌
Is the Manufacturing Industry in New York on the Road to Recovery? Want to stay on top of economic updates? Follow us and give this post a 👍🏼 if you found it informative. Don't forget to save for later reference 📌
CPI Release: Is Inflation on the Decline in the US? 🤔 Want to stay on top of economic updates? Follow us and give this post a 👍🏼 if you found it informative. Don't forget to save for later reference 📌
Are Low Inflation Expectations Signaling a Stronger Economy Ahead? Want to stay on top of economic updates? Follow us and give this post a 👍🏼 if you found it informative. Don't forget to save for later reference 📌
Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for next week, Monday, 16th January 2023. Idea I have a weekly expansion bias for price to move towards the 1.09446 area, where the 50% Fibonacci line on the weekly time frame is it which coincides with the relative equal highs / liquidity hotspot area. Abbreviations BSLQ :...
Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Tuesday, 13th December 2022 for the US CPI news release . Idea Those are possible trade ideas with buy stop and sell stop on the chart. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside Liquidity FVG : Fair Value Gap MSS: Market Structure Shift For entries, always use...
Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Monday, 12th December 2022. Idea Looking for price to possibly continue bearish, taking out the previous daily low and possibly head towards the 1.04880 area where the SSLQ & 70.5% Fibonacci line are located. Abbreviations BSLQ : Buyside Liquidity SSLQ : Sellside...
Hi there guys, I mainly use ICT Concepts for my trading. Here's a trade idea for Thursday, 8th December 2022. Idea Looking for price to possibly tap into the 1.04841 area where the 61.8% Fibonacci line and FVG are located. Expecting price to possibly reverse from that area to clear the liquidity resting above. Abbreviations BSLQ : Buyside Liquidity SSLQ...