Key ICT Concepts Identified in the Chart:
1. Order Block (Brown Box):
This is a demand/supply zone, where significant buying or selling occurred before a major price move.
In this case, the price is likely to reverse when it reaches the order block area, which is a potential entry point.
2. Fair Value Gap (FVG) (Highlighted box):
This represents an imbalance in price action where price has moved too quickly, leaving a gap in the market.
ICT traders expect price to "fill" these gaps as part of its natural movement.
3. External Range Liquidity:
This is a liquidity grab, often representing areas where stop orders may be placed.
Price might reach these levels before reversing or continuing.
4. Equal Lows:
This often indicates a liquidity grab point where price may dip slightly below to collect stop losses and then reverse.
Entry, Stop Loss (SL), and Take Profit (TP):
Entry:
Based on the chart, a good entry point could be just below the order block, as that is where the price is expected to reverse. Assuming that the price moves down into this region, an entry might be made when price reaches around the order block area, around 1.1410–1.1420.
Stop Loss (SL):
To protect against further loss if the trade doesn’t go in your favor, you should place the SL slightly below the recent equal lows or beyond the order block. In this case, setting your stop loss around 1.1380 could provide some room while limiting risk.
Take Profit (TP):
The target could be the External Range Liquidity area (the high) or just before it to avoid excessive risk. TP might be set around 1.1470–1.1480, depending on the price movement.
Summary:
Entry: Around 1.1410–1.1420.
SL: Around 1.1380.
TP: Around 1.1470–1.1480.
1. Order Block (Brown Box):
This is a demand/supply zone, where significant buying or selling occurred before a major price move.
In this case, the price is likely to reverse when it reaches the order block area, which is a potential entry point.
2. Fair Value Gap (FVG) (Highlighted box):
This represents an imbalance in price action where price has moved too quickly, leaving a gap in the market.
ICT traders expect price to "fill" these gaps as part of its natural movement.
3. External Range Liquidity:
This is a liquidity grab, often representing areas where stop orders may be placed.
Price might reach these levels before reversing or continuing.
4. Equal Lows:
This often indicates a liquidity grab point where price may dip slightly below to collect stop losses and then reverse.
Entry, Stop Loss (SL), and Take Profit (TP):
Entry:
Based on the chart, a good entry point could be just below the order block, as that is where the price is expected to reverse. Assuming that the price moves down into this region, an entry might be made when price reaches around the order block area, around 1.1410–1.1420.
Stop Loss (SL):
To protect against further loss if the trade doesn’t go in your favor, you should place the SL slightly below the recent equal lows or beyond the order block. In this case, setting your stop loss around 1.1380 could provide some room while limiting risk.
Take Profit (TP):
The target could be the External Range Liquidity area (the high) or just before it to avoid excessive risk. TP might be set around 1.1470–1.1480, depending on the price movement.
Summary:
Entry: Around 1.1410–1.1420.
SL: Around 1.1380.
TP: Around 1.1470–1.1480.
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Disclaimer
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TELEGRAM CHANNEL CLICK HERE
👇👇
t.me/addlist/j3ts8pztHtY3NWQ0
VIP SIGNALS SERVICE 👇👇⬇️
t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
one.exnesstrack.org/a/kyponqqh5i
👇👇
t.me/addlist/j3ts8pztHtY3NWQ0
VIP SIGNALS SERVICE 👇👇⬇️
t.me/addlist/j3ts8pztHtY3NWQ0
Recommend best broker exness Partner link 👇
one.exnesstrack.org/a/kyponqqh5i
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.