A
Kelvin
@asuquokelvin
Last seen:
1 day ago
I am an ICT trader build up in ICT methodology
92 Followers
2 Following
Anticipating gold sells, because price just swept a key liquidity level and reverse back into range and now price is selling although cpi came out not bad but it only shows that inflation is still sticky and it gives dollar a little strength to buy
If price doesn't sell lower before tomorrow, just know that CPI will seek for liquidity before pushing price to its preferred direction
CPI is like tomorrow, price will change or continue in same direction or change direction by tomorrow
Although it's a lower timeframe structure, I will trade after that low has been taken, I will trade the pullbacks
I had this gold sells Reason because price actually swept liquidity on a lower timeframe as low as 30min and then starts revising back and broke a structure on 3 min but since price didn't trigger my sells so I decided to remove the limit since it's already getting to my tp level
Setting BE is a very good approach to good money management, so you don't lose if price should reverse
Which means price still has a plan for that price level, by now if the sells was to rally it would have gone far with high volume candles, liquidity is around somewhere and untill it's taken although I can't spot it out now unless tomorrow because to spot out daily liquidity it takes 3 to 4 trading days to capture it, untill that liquidity is taken above my marked highs, I won't trade
Don't forget that the low birthed a rally that was engineered by NFP, it will only take another strong economic indicators to break below that low, so price is just trading around the level so that by the time of the data release price won't be far from it
I know it's the rectangle box on the chart image but price is still in supply level of the entire move, just try something buy from there and hold if price won't take you out maybe then you will understand
Price is in a good reference point but don't forget that fundamentals is still supporting EU, and dxy has been weak the sells could even be a retracement, wait for full bearish confirmation before selling
If price successfully breaks below there it means the sellers won but if it holds above that level it means buyers are still much in control
Exactly. That three-step process removes a lot of unnecessary anticipation. The higher-timeframe level gives you the area of interest, the reaction tells you whether the market is respecting it, and confirmation provides the trigger for execution. Waiting for all three helps avoid entering simply because price reached a level and keeps the trade aligned with actual price behaviour.
The reaction from supply is a good first indication that sellers are defending the zone, but the internal lows are the real confirmation. A clean break with strong bearish displacement would strengthen the 4H bearish bias and open room for further downside. If price fails to break those lows and starts reclaiming the supply zone, I'd treat the move as another rejection rather than forcing the bearish continuation.
Showing 20 of 100+ replies.
Log in to see all replies