Blocks
GBPNZD Trade Idea / Speculation - 12 hour Long BlockGBPNZD
- 12 hour time frame
- Long block on the 12 hour and Daily.
- Momentum on the downtrend has slowed and is now creating support off the block and trend line.
- I do not follow news religiously but BREXIT appears to be happening which would strengthen the pound and NZD may be looking for a retrace as highs are being hit on many NZD pairs.
- I highlighted two bullish engulfing candles, focus on the current one on trend, and on block. I want to see price come a little lower. I have not entered this trade so no long position icon is shown.
GBPCHF 4 hour Sell Limit Block - December 3, 2019GBPCHF 4 hour retest
- This entry coincides with the daily GBPCHF short posted before this one. Looking for a retest off the uptrend to create a downtrend move.
- There is heavy liquidity below for price to soak up and touch the uptrend line once more.
XAUUSD Short on the 12hour and Daily - December 3, 2019Waiting for momentum to slow on a high timeframe, particularly the 12 hour with a rejection around 1483-1485 and Stop Loss at 1495. Price is at a strong previous support and now may be looking for a retest around the previous pullback on the swing low.
AUDUSD - 4hour Order Block - November 27, 2019AUDUSD 4 hour
- There are a few nice pullbacks in the area around where the order block was formed. The one highlighted shows an area not tested yet. There are also around 3 touches to the downtrend trend. AUDUSD may be close to making it's last move to the downside before we begin to see momentum slowing down.
EURUSD 12 hour bullish block - November 26, 2019The bullish candle following the bearish candle in the block formation is a big shadow. This is on a higher time frame, so I'm looking for additional support but I see momentum slowing and I believe EURUSD is prepared to make it's next move up.
- I also decided to change the color a bit to make it look cooler
Short-Long on AUDCAD 4 hour 2 blocks - November 25, 2019Possible Short then Long on AUDCAD 4 hour.
- More geared towards going long on AUDCAD but the sell block may be hit which could bring us to our long entry. The short would have a TP at its previous low and long would have it's TP at its previous high then at equal highs for TP2.
EURAUD Trade Update - Short Order Block - November 20, 2019EURAUD - Previously posted an earlier shorting opportunity, price broke and continued upward.
- One the daily, we see a a block created a while back after breaking equal highs.
- The short opportunity that was earlier posted created equal highs to break which price is in the process of doing so. Looking to enter right were previous highs were broken at around 1.63700.