NQ.REPLAY

Crash · 2024-08-05

NQ 2024-08-05: Yen carry unwind

NQ opened deep in a weekend gap after the Nikkei crashed on the Yen carry unwind. Vicious opening drive lower took out multi-week lows before a violent recovery from the London low.

ICT observations

  • Massive weekend gap → gap fill into premium
  • Sweep of prior week low in Asia
  • AM Killzone reversal off the LOD

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