Smartmoneyconcepts
GOLD WILL FALL|SHORT|
✅GOLD is approaching a supply level of 2665$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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EU Short idea as we approach NFPLast week, EU went down after it touched a 1D Low crossing through a 1D FVG.
I believe this trend should persist as I recently discovered a 1W Sellside Liquidity Pool, and major news such as NFP are when Smart Money look to capitalize on those quickly.
(My mentioned non-concern on the trade's drawdown is because of ICT's Power of 3. Manipulation -> Accumulation -> Distribution.
In the context of a bearish trading day:
Manipulation: Price goes above the NY Midnight Open
Accumulation: Price consolidates and/or takes liquidity above the Open
Distribution: Often called "the real move". Price would enter a downtrend afterwards if Smart Money wants to push it down today.)
My HTF perspectives:
1D
1W
GBP_CHF LOCAL LONG|
✅GBP_CHF is approaching a demand level of 1.1260
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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USD_CAD WILL GO DOWN|SHORT|
✅USD_CAD has hit a key structure level of 1.4467
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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