US30 - ICT Price Action (just speculation) - Long, Short, Long!
Better on 5m chart.. If we going lower, I'd like to see internal buyside liquidity taken first which is also an Optimal Trade Entry; a classic golden fib ratio retracement up into breaker and untouched FVG around 38782. First a micro judas swing out of the Previous week opening gap where on Friday we closed at the exact same price as last Fridays close. Then my target would be down at 38475ish. From there I would look to go long since then external sellside liquidity will be taken while reaching into a beautiful breaker + untouched FVG + prev Monday volume imbalance (10am UK). My long target would then be 38892, attacking external buyside.
I won't trade this unless until I see it respecting my analysis. My targets might be accurate, but will need to see how smart money accumulates and manipulates first, so my entries can also be accurate. Or I could be completely wrong, but this is what I would like to see. If we reach down to 475, I'd like to see a spike up into 782 first. Then if we reach down into 475, will like to see it attack buyside above 892 and break up into new range, new ATH's.
Feel free to share any thoughts
I won't trade this unless until I see it respecting my analysis. My targets might be accurate, but will need to see how smart money accumulates and manipulates first, so my entries can also be accurate. Or I could be completely wrong, but this is what I would like to see. If we reach down to 475, I'd like to see a spike up into 782 first. Then if we reach down into 475, will like to see it attack buyside above 892 and break up into new range, new ATH's.
Feel free to share any thoughts
Catatan
Edit: I meant to say "Consequent Encroachment" instead of "Mean Threshold" for the previous week opening gap. Consequent encroachment is an ICT term used for the mid point of gaps/imbalances/inefficiencies, but the term can also be applied to the mid point (50%) of wicks, as algorithms see wicks as gaps. For any type of order block, the mid point (50%) of that is known by ICT as the "mean threshold".
Trade aktif
Update: Looking good. We first came up as anticipated except not into the iFVG, but the normal FVG just below it, then back down into the 15m FVG. Right now I believe Smart Money is accumulating longs and we will continue plan of action to 782 before a steeper drop down to 475.Catatan
First short to 15m FVG successful. Spike up to 782 as anticipated successful. Now will we drop down to 475?Trading ditutup: target tercapai
Rips straight up to new ATH, clear liquidity above taken, and now we returned back to the 782 zone which may act as support level (old OB & now iFVG?)Catatan
Now I believe we are on route down to 475. We overshot the "spike up" to 782 as I previously anticipated, but now we are trading slightly back below that price (782) and may act as "supply or resistance" level. I am currently in short (small position) as of 7am (UTC-5). I want to buy around 475 if we get there, and if Smart Money shows their handTrading ditutup: target tercapai
BEAUTIFUL. LOOK AT THAT. Straight down to 475. Have a fantastic week. Cheers
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