Hello,
I rely on ICT concepts for my trading. I would like to share a trade idea for next Monday, January 23rd, 2023.
My weekly bias / analysis suggests that the price will likely move towards the 1.09446 area, where the 50% Fibonacci line on the weekly timeframe coincides with the relative highs which are liquidity hotspots.
For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading.
Thank you,
Chen Yongjin
I rely on ICT concepts for my trading. I would like to share a trade idea for next Monday, January 23rd, 2023.
My weekly bias / analysis suggests that the price will likely move towards the 1.09446 area, where the 50% Fibonacci line on the weekly timeframe coincides with the relative highs which are liquidity hotspots.
For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading.
Thank you,
Chen Yongjin