phillo
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Everything posted by phillo
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update fyi
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ICT Order Block theory
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here's an update of a chart series I posted in a separate thread AUD/USD
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sometimes two indicators give you the right combined signal, sometimes they don't
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A good example of the fact that many indicator default setting are set to the close of the bar/candle, not the high of low
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nearly there ?
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Fair value gap filled 👍
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The decline continues - the "Trade of the week?" 😉
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Order block taken out , another below 😉
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The 50% retrace strikes again !
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more downside , oh that 50% fib level 👍
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need a new lower trend line !
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my pleasure 😊
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update - after the reaction to that latest trend line
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Gap filled and now the reversal, 50sma does well. Order block below and some fair value gaps along the way
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Last big the hardest ???
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US dollar - monthly
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These rising 4 hour trend lines have kind of proved points of "reaction" to price
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or, looking at the current price action, that GAP could act as resistance !!!!!!!!!
