📈 EURUSD ICT NY Continuation Model Trade Recap – May 29, 2025

Session: New York
Model: ICT New York Continuation
Pair: EUR/USD
Date: Thursday, May 29, 2025

📊 Market Context

Before the London and New York sessions, during Asia, EUR/USD experienced an aggressive bearish move. While many attributed this to the U.S. court ruling on Trump’s case, the chart told its own story.

• EUR/USD was tapping into a weekly/daily imbalance left behind weeks prior.

• DXY (Dollar Index) was pushing into a weekly gap, seeking liquidity.

From a higher time frame perspective, we saw:

• DXY in a longer-term bearish structure.

• EUR/USD showing signs of a bullish continuation.

This helped us contextualize the bearish move in Asia as a liquidity grab—a stop hunt that aligns with the higher timeframe bullish narrative.

📍 London Session Observations

In London, we observed key technical behaviors that reinforced the bullish bias:

• EUR/USD filled a 15-minute volume imbalance, then closed above it.

• This suggested the imbalance had shifted to acting as support.

• Similarly, DXY showed weakness and rejection off its gap area.

The price action confirmed the likelihood of a NY Continuation Model, where we expect:

• Minimal retracements in London Session.

• Expansion higher during NY session after a minor pullback.

✅ New York Entry Setup

In NY, our entry strategy was based on these key confluences:

🔹 Higher Timeframe Structure:

• On the 4H chart, price had closed above a 4H volume imbalance midpoint and showed signs of support.

🔹 1H Confluence:

• Price dipped into a 1H FVG and then closed above it.

• This also aligned with the midpoint of the 4H imbalance = dual confluence.

🔹 15-Minute Confirmation:

• Price showed a break in market structure.

• Retracement into a 15M bullish order block, overlapping with:

  • 4H imbalance midpoint

  • 1H FVG zone

This area marked our entry point in the New York Kill Zone.

🎯 Profit Targets

1. TP1: A nearby 15-minute FVG

2. TP2 (Extended): Previous day’s high, aligning with clean liquidity above.

News dropped at 7:30 AM EST, causing a bullish expansion, confirming the continuation model.

🧠 Key Lesson: Market Structure Still Rules

This trade highlighted the importance of market structure and multi-timeframe confluence:

• A bearish move doesn’t always mean a reversal—it can be a liquidity sweep.

• Waiting for clear structure confirmation, like the 4H candle closures, helped avoid early or emotional entries.

• Understanding the NY Continuation Model means knowing when not to expect deep retracements.

“Price doesn’t move randomly. It seeks liquidity. Your job is to find out where it’s hiding.” — ICT Principles

📚 Learn More About the Model Used

Want to understand the strategy behind this trade?
👉 Click here to learn about the ICT New York Continuation Model

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