Hi there guys,
I mainly use ICT Concepts for my trading.
Here's a trade idea for next week, Monday, 16th January 2023.
Idea
I have a weekly expansion bias for price to move towards the 1.09446 area, where the 50% Fibonacci line on the weekly time frame is it which coincides with the relative equal highs / liquidity hotspot area.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
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 Concepts for my trading.
Here's a trade idea for next week, Monday, 16th January 2023.
Idea
I have a weekly expansion bias for price to move towards the 1.09446 area, where the 50% Fibonacci line on the weekly time frame is it which coincides with the relative equal highs / liquidity hotspot area.
Abbreviations
BSLQ : Buyside Liquidity
SSLQ : Sellside Liquidity
FVG : Fair Value Gap
MSS: Market Structure Shift
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