The Daily Chart shows that we are currently near a previous high and at the time of this post, the current price action might set up a bearish Power of 3 pattern. It will be invalidated if we trade higher than, 1.0777ish.
I also think that we are against a H1 Bearish Order Block and that price might play out an Optimal Trade Entry Short. There are stops below at levels ICT would call, "too clean."
A Trading Ideas Blog - This blog is a collection of trade ideas that I, Manny Garcia, have conceptualized. Based on research derived from technical analysis concepts popularized by Michael J. Huddleston. He is my mentor and is also known as Inner Circle Trader (ICT). I hope you enjoy reading my trade ideas on the EURUSD pair. If you would like to know more about ICT you can visit www.theinnercircletrader.com
Showing posts with label resistance. Show all posts
Showing posts with label resistance. Show all posts
Monday, March 20, 2017
Resist or Resistance
Labels:
1.0760,
bearish,
eurusd,
optimal trade entry,
order block,
OTE,
power of 3,
resistance,
Short
Tuesday, February 18, 2014
1.3680 and the Weekly Trinity Breakout
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An overlay chart reveals that a Smart Money Trade Divergence existed. The GBP broke new highs while the EUR still had not. |
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A quick glance at the H1 chart reveals that market flow in the short term was bullish. |
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A confluence of levels might keep this rally at bay. Either way, I paid myself. |
Labels:
1.3680,
127.1,
61.8,
ADR High,
Bullish,
euro,
long,
new highs,
OTE,
resistance,
weekly trinity
Tuesday, November 26, 2013
Adapting - Short
I got short and I am currently waiting to take final profits on my trailing portion.
2. You don't need to know what is going to happen next in order to make money.
Thursday, November 21, 2013
Long 93.65 Search for liquidity
Is it possible that we have resting stops above the 9540 level? If so then it's possible that the market could spike through this level and return to the range that we've been in this week (9265ish - 9540ish). If we do not return to the range the market is going to head north and I expect the 9620 level to be challenged.
Is it a better short?

Is it a better short?

Labels:
Bullish,
long,
optimal trade entry,
OTE,
resistance,
stop run,
Stops
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