Hi there guys,
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the 2nd last week of November.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
Weekly bias: expansion to the upside
- Daily FVG spotted
- Breaker block spotted
- Equal highs above the daily supply zone
Idea
I am expecting possibly 2 scenarios for gold this coming week.
1.) A possibly retracement to the Daily FVG at 1747.385, before price heads to the upside.
2.) A deeper retracement to the 1725.600 area where there is the 38.2% Fibonacci retracement line and the breaker block, before price pushes back to the upside.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin
I mainly use ICT + Smart Money Concepts for my trading.
Here's a trade idea for the 2nd last week of November.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
Analysis
Weekly bias: expansion to the upside
- Daily FVG spotted
- Breaker block spotted
- Equal highs above the daily supply zone
Idea
I am expecting possibly 2 scenarios for gold this coming week.
1.) A possibly retracement to the Daily FVG at 1747.385, before price heads to the upside.
2.) A deeper retracement to the 1725.600 area where there is the 38.2% Fibonacci retracement line and the breaker block, before price pushes back to the upside.
For entries, always use confirmations on the smaller timeframes! Stay safe trading!
Feel free to follow me, comment + boost this post if you guys enjoyed this!
Regards,
Chen Yongjin