ποΈ 8 Feb 2023 ICT trade review π
π§΅
π§΅
1 ) AM session trade :
Price took out the buyside liquidity & made a aggressive move down , ICT draw on liquidity was new week opening gap high 4146.00
Price took out the buyside liquidity & made a aggressive move down , ICT draw on liquidity was new week opening gap high 4146.00
ICT Entry was in this candle close after the price respected the volume imbalance above & otherside
Trade successfulβ
But why price reached target very fast and easily?
Because it's a low resistance liquidity run π
But why price reached target very fast and easily?
Because it's a low resistance liquidity run π
2 ) NY lunch macro (11.50-12.10) trade :
Price already took out sellside liquidity so that ICT anticipated the price to take out some buyside liquidity before going down in this particular time
Price already took out sellside liquidity so that ICT anticipated the price to take out some buyside liquidity before going down in this particular time
ICT Entry was in this FVG below & target was this above FVG 50% ( consequent encroachment )
But why ICT exited with very least target ?
Because this is high resistance liquidity run , so that it is low probability target it will have a difficult time to reach higher π
Because this is high resistance liquidity run , so that it is low probability target it will have a difficult time to reach higher π
See how price chopped to 50 % in that price leg and went down ( 3m chart )
So be aware of your draw on liquidity whether it's a LRLR OR HRLR
So be aware of your draw on liquidity whether it's a LRLR OR HRLR
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