GBPJPY 191.974 -0.61% INTRADAY - SWING IDEA LONGHELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from intra-day to possible SWING
4H GBPJPY
* STERLING finally saw strong bullish momentum breaking out of the range, today we possibly seeing a retest of this range.
* The bearish OB has been violated as we traded above it, possibly signalling some bullish moves.
* should we reject the range looking to hold GJ swing to the upside.
1H GBPJPY
* Not much is different from the hourly but we see that we are not beaking that intermitted low.
* significant bullish momentum outside the range will be a signal for me.
on the 15M ASIA trended nicely to the down side beautiful price action, probably signaling bad NY AM session but most like bullish signals.
* a sweep of the low would have been great but we will see how price moves.
* The weekly & daily TF show we are still showing signs of a Bullish move.
* GJ took internal range LQ, looking for that external range LQ to be taken.
* We are trading in discount of the move,This is where I would be looking for long entries.
* With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS.
* BASED on the price action served this week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Ictconcepts
EurUsd BuyThe pair has followed its bullish path as in my previous anylisis i have identified its crucial point from the pair has shot up and moving in its bullish path we have also witnessed a FVG over daily bullish move which has been mitigated by the pair in last week the weekend is over and back to the market we are ready to catch up a awaiting bullish move confluence for the bullish move is first FVG and 2nd is price has completed its retracement to the 50% of Fibbo level on daily TF so there are higher probabilities for price to go higher to its historical cum physiological resistance so we are monitoring price very closely so that we can save our capital and gain profits
Good for the week guys
USDCAD Short and SouthThe USDCAD currency pair may weaken because the possibility of the Fed cutting interest rates in September looks promising, while on the other hand, the BOC seems to be reaching its inflation target close to 2%.
Market participants view the BOC as quite capable of controlling inflation. However, both currencies are quite sensitive to crude oil prices.
The reason I see a risk of decline in the USDCAD pair is from the CAD side, which could potentially strengthen slightly because crude oil prices might rise, especially with the OPEC+ production cut announcement.
Since CAD has an 80% correlation with crude oil, they tend to move in the same direction.
If crude oil strengthens, the demand for CAD will also increase.
Sell USDCAD.
Sell Limit : 1.37100
Stoploss : 1.37600
Take Profit : 1.33100
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
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
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
XAUUSD Sell XAUUSD took out buyside liquidity at 19:00 NY time today and dropped. Anticipating price to return to the volume imbalance and FVG during London session before taking out the sellside liquidity (Previous Day Low).
Nevertheless, price could do exactly the opposite and take out the Sellside first before moving further up.
08/19/24 NQU2024 Bullish ICT Daily OverviewHere is what I saw on the charts on Monday for the NQU2024 chart. I have labeled exactly where I would get in and out, while also showing where my stop loss would be. This is not trading advice or suggestions to follow, just my interpretation of what price delivered.
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.