EURGBP Update idea recap The trend line mapped out last month has been significantly broken on 4 hour and daily. Using the fib we place and marked out areas of interest you can see we have retraced significantly. Looking for a set up I have adjusted my entry area as I feel we could still see a final push to take out relative equal lows. We have see the EUR drop to a huge low for many years and hit 1.000 against USD. Breaking the trend line and taking out buyers liquidity for the short term i will be looking to target the highs but take partials along the way if we get a good entry set up. Keep a close eye on market structure and remember key entry and price action will be needed.
EURGBP trade idea EUR has fallen hard to day over GBP and is in discount for buying opportunities. From here I well be looking for the 70% and 79% fib levels. Looking for a liquidity run on the lows in to an area of interest. I have 2 marked out but I would prefer the grey box as my entry zone. Currently we are are market close so not the best time to be trading. Will be watching in London open for the opportunity for the set up. Keep a close eye on market structure and remember key entry and price action will be needed. Let me know what you think of this and I will get back to you with an update later on.
His ethics and content are exceptional even if he does come across with a heavy conspiratorial "markets are rigged" tone. Many think it's too complicated but best to start with the order by which he uploaded unto youtube. Starting with a relatively recent upload of "The Process of Learning" which would set one on the path he's outlined.
You're doing great! I'm not seeing killzones on your charts though, are you just keeping track mentally?
No. ICT killzones are defining where London, NewYork, and Asian Sessions open and close on your chart or noting them in your trading day. These are known times where we can anticipate liquidity coming to market. The reason ICT was mentioned is that you have fib levels on your chart that has been promoted by ICT as OTE. I think ICT incorporated it from another trader but the name isn't coming to me.