Hello,
I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 14th, 2023.
Idea
With price tapping into our previous area where we expected it to go, price is now within the Consequent Encroachment (CE, 50% of FVG). Expecting price to head down to possibly retest the H1 FVG for today before the US CPI release.
As marked out on the chart, I have already stated the potential take profit targets for both the good and CPI data release.
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 Tuesday, February 14th, 2023.
Idea
With price tapping into our previous area where we expected it to go, price is now within the Consequent Encroachment (CE, 50% of FVG). Expecting price to head down to possibly retest the H1 FVG for today before the US CPI release.
As marked out on the chart, I have already stated the potential take profit targets for both the good and CPI data release.
For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading.
Thank you,
Chen Yongjin
Commento:
CPI Good results TP hit, before reversing back down.
