Last week, EU went down after it touched a 1D Low crossing through a 1D FVG.
I believe this trend should persist as I recently discovered a 1W Sellside Liquidity Pool, and major news such as NFP are when Smart Money look to capitalize on those quickly.
(My mentioned non-concern on the trade's drawdown is because of ICT's Power of 3. Manipulation -> Accumulation -> Distribution.
In the context of a bearish trading day:
Manipulation: Price goes above the NY Midnight Open
Accumulation: Price consolidates and/or takes liquidity above the Open
Distribution: Often called "the real move". Price would enter a downtrend afterwards if Smart Money wants to push it down today.)
My HTF perspectives:
1D
1W
I believe this trend should persist as I recently discovered a 1W Sellside Liquidity Pool, and major news such as NFP are when Smart Money look to capitalize on those quickly.
(My mentioned non-concern on the trade's drawdown is because of ICT's Power of 3. Manipulation -> Accumulation -> Distribution.
In the context of a bearish trading day:
Manipulation: Price goes above the NY Midnight Open
Accumulation: Price consolidates and/or takes liquidity above the Open
Distribution: Often called "the real move". Price would enter a downtrend afterwards if Smart Money wants to push it down today.)
My HTF perspectives:
1D
1W
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.