Eurusd and the 4th Day

Today's trade idea is following suit with my recent analysis and popped up today. It appears that we have a bullish power of 3 setup on the daily. Remember, we don't count the Sunday candle. Tuesday's price action brought on more bullishness and new highs. For now, market flow on the daily chart is bullish.

Market flow is still pointing north.

According to the Power of 3 setup, since Wednesday is the 4th day in the setup, we're going to be hunting a level to get long below the day's opening price. The level must have a high probability price as well as a confluence of other factors that would lead you to believe that the market will react when it gets to that price.

I'm thinking that we might be OTE Long around 1.0780-1.0770ish. Otherwise, I think we take a dip down to 1.0730ish. 

The eurusd pair is very close to significant highs and looks like its getting ready to run a touch higher. However, I wouldn't be surprised if we retrace and run some stops down lower.

Took +18 pips on 2/3 of my position. Possible ICT Reflection pattern against Resistance. Not much but I'll take it. https://t.co/TFC35VAIx9 pic.twitter.com/NVkRJGBOj0

— Manny G (@GGoodpunk6) March 21, 2017

I did manage to take a very small chunk of the price action and was stopped out at +1 on the final portion of my trade.

Successful Trade Idea

I took a couple of longs this week that worked out well.  One much better than the other.  All in all I hauled in about 100 pips for the week.  ICT, if you're reading this, thanks a lot!!

When I took this screenshot, I was already long from 1.0530 and taken half of my position off of the table at +25.  I moved my stop to BreakEven +1.  I was able to let the rest go at 1.0585.  

If you weren't able to get the long down at the Daily Order Block (in blue on the chart above), then the New York Open Killzone, where an OTE long occured, is where you could have jumped in.  Notice that the NYO OTE Long occured right against the Asian high.  There was a lot of confluence today.

The chart above is from my post here. As you can see, I predicted these levels to be long opportunities. I'm fortunate that I was able to get an order filled 

SMT Divergence?

As you can see, the eurusd has failed to make a lower low.  However, it has also failed to create a higher high.

The idea chart above, is a possible Smart Money Trade divergence.  As you can see, the gbpusd is moving lower while the eurusd is being accumulated.  It is possible that we might be forming a low in the eurusd.

If not, then the lows near 1.0495 and 1.0350 might be targets.

In my previous post, I mention 1.0530 and 1.0560 as possible trade ideas.  It might still be the case.

I'm back! Here's a new trade idea!

This month might see some bullishness in the eurusd.  

I'm hoping a move lower will provide a long opportunity.

I'll be looking to get long in the 1.0530 area and in the 1.0560 area as well.  I think the week might close lower but for now it seems we have a long setup.

1.3680 and the Weekly Trinity Breakout

An overlay chart reveals that a Smart Money Trade Divergence existed.  The GBP broke new highs while the EUR still had not.

A quick glance at the H1 chart reveals that market flow in the short term was bullish.  

A confluence of levels might keep this rally at bay.  Either way, I paid myself.

A combination of all of ICT's tools allowed me to hold my trailing portion over the weekend.  In the m15 and m5 charts above, you could see plenty of buy opportunities that would have gotten you in sync with the market.

So far, this week has been a bit slow.  However, if you are trading using ICT's concepts, you would have been hunting for setups at high probability levels and most likely turned a profit.  1.3680 is a big level for me as I have been blogging about it recently.  Here as well.

Long NYO Double Bottom

The Euro double bottomed against the GMT Daily S3 Pivot (1.3531) earlier today.  This double bottom provided an long opportunity that helped me gain +10 on one portion and I still have a trailing portion out there with my stop at BE+1 and a TP of 1.3569.  The 1.3540 level was a level that I marked off on my chart as being high probability.  I'm happy with +10 on the day so if I'm stopped out on my trailing portion, I'll be grateful for what I was able to take from the market.

Euro Shorted 1.3602

The euro approached a key 61.8 fibonacci retracement at 1.3614 of the range 1.3812 - 1.3294. I was able to scalp a 20+ on the entry below.

I'll be watching to see if we get back to the 1.3520 level. That level has been a beast all month.