ICT Actual Case Study

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AnDDe said:
Hi Sqa, do you mind sharing why you would have placed a buy order rather than sell ??
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Because I looked at the AUD right after the post and it was up on the day? I wasn't sure how much of a move was missed/targeted. I don't trade AUDUSD.
 
2550 was a warranted level as above 2500 there were resting some very clear stop levels.

2550 was an untested resistance, OB.

We remain in a bearish market.
 
im thinking if usdx breaks lower, than the blue line, then maybe we have some bullish fiber set up, if usdx finds more support, then we have a fiber sell.
note the usdx fiber divergence though
 

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jupiter_peak said:
2550 was a warranted level as above 2500 there were resting some very clear stop levels.

2550 was an untested resistance, OB.

We remain in a bearish market.
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I agree. All the retail traders will be buying the "bottom" and get creamed.
 
So it seems 2 good plots unfold as expected.

EU, took out the stops resting above 2500 into 2550 just to draw more longs and than drop it.

AU, took out the clean highs, closing the gap, drawing the breakout traders into longs just to drop prices lower.

Clever market.

All this in a bearish market.

It's still beyond me why people try to fight trend or look for hair on an egg shell.
 
jupiter_peak said:
It's still beyond me why people try to fight trend or look for hair on an egg shell.
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I think everybody wants to catch bottom and be a star in the forum for 1 day :)
 
just one good reason to sell fiber in Asia's profit release portion...
there where more than one reasons, these charts show one of them using the usdx,
the charts i showed yesterday, were just a basic insight, these charts are slightly more in depth.

Where was fiber & where was usdx before the sell off?
the blue lines are daily blocks in a range while using the 4 hour block as measurement

the third chart i have added a bit of ict magic to the set up

Now if you think about this set up, Fiber broke the 4 hour block high right? but still sold off...
if and only if price was to reach back beyond that level of 1.2575, what can that block level become i ask you all?
 

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SWEETPRAISE said:
AM I RIGHT TO SAY WE LOOKING FOR SHORTS ON THE BEARISH ORDER BLOCK COMING AT 1.2540 LEVEL?
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Sorry, just saw this post now.

My take on EU is that it might fake breakout the current highs, into the H4 order block for another sell.

The current highs are too clean, issuing for another visit up there drawing longs in and than reversing.

That is my view looking from a bank perspective.
 
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