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Smcconcepts

EURUSD Bullish OrderblockAfter yesterday's disastrous CPI news, EURUSD tanked from the strengthening of the USD and we can see a PDL OB formed on the EURUSD. Although it is a strong bearish trend on the intraday timeframe, I know that price doesnt go in one straight line direction and counter-trend moves are needed to build liquidity for the inevitable bearish move down. Recognising that this is a counter-trend trade, I manage my risks and set the buy limits on 50% fulfillment of the PDL OB. What ensues is a no frills and nothing fancy outcome of 4.14R There is still a current M15 supply above so perhaps could have taken partials or held the trade longer but I want to start off the week on a positive note since this is a counter-trend trade as well. Abbreviations : PDL - Previous Day Low OB - Order Block
Short
by barrysyx
2
EURUSD ChoCH after CPI releaseToday we can observe a ChoCH aka "Change of Character" of the EURUSD trend from bullish to bearish on the lower intraday timeframe since the higher low was broken because of the high CPI news. What this means is that the higher timeframe bearish trend is set to resume officially after the retracement we had in the past 2 weeks. As an SMC trader, I see potential shorts at the new supply area created after the CPI news today. As usual, sell limits will be placed at the 50% fulfillment of the new supply area with stop loss just above the PDH (previous day high) to give the trade some breathing room. There is a high chance that price might not retrace to that supply area but if the trade does indeed get triggered, we can ride it down to potentially new ATL (all-time-lows) Cheers !
Short
by barrysyx
1
ICT SMART MONEY CONCEPT (FVG/IMBALANCE) SELL SETUPBINANCE:SOLUSDT www.tradingview.com On the Daily Timeframe, there is a Liquidity Sweep just above an old high before price has a Displacement to the downside breaking structure(BOS) leaving behind a fair value gap(FVG) or Imbalance if you will. Currently, the price is making its way up (Retracement) to fill the Imbalance/FVG before having another leg down to take out the old swing low. DISCLAIMER : THIS IS NOT A FINANCIAL ADVICE AS THIS IS MEANT FOR EDUCATIONAL PURPOSES ONLY.
Short
by leosmaaart
2