Ictorderblock
$BTC - Hits Bu;llish Order Bloc- Fills FVG or Bearish OB *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
Bitcoin falls to the Daily Bullish orde Block. Which is where is Have my first entrance at 39150 ( Altghough I enterted around 38,700, there's a possibility it could drop to the median of the bullish order block near $38,440. I have a sewcond entrance setup near hear. The first take profit will be to fill the daily fair value gap Premium which is at $41811.00 the second take profit is at the bearish orde block at $42,850. If both are successful I will leave a 5% traier to see if it the current high at $45,500. There are approximaterly equal highs in this arera which means this is a high liquidity area which the price should attack.
We are still in a Bullish BTC chart due to current price action (higher highs, no closing lower lows) This should be an easy play, but we shall see.
What is an Order Block? 🎯Why are order blocks formed?
Order blocks are created when a breakout move doesn't go to plan.
If banks get caught in a fake breakout move, they aren't going to sit and cry about it.
They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market.
Stop using order blocks that have no logic, widen your chart perspective.
USDZAR stale mate we have a chart of the South African rand against the dollar. I strongly believe that the rand will lose value. it has not traded below 15. for a long period of time and it is believed if the rand is above 14,50, the economy of south Africa is performing very badly. this is just my take, this is no signal this is just chart analysis only. for more information be sure to ask and comment below
USDJPYGood Morning Traders. USDJPY is still in a bullish momentum. It broke out the 115.678 Higher High that i marked up. I want to see a pullback around that area again (OB= Order block, Golden Zone) and continue a bullish trend. I can possibly see it eventually passing through the Weekly higher high which is 116.352 but for now will just be looking for "Safe TPS". Have a bless trading week!
Short Term Bearish Movement JUST FOR TRADER:
The Price Reacted The Weekly Order Block And Break Market Structure In End Of January But In Term Of Technical Analysis, We have A Very Significant Range Above The Price, Which Has Been Operating As A Character Change ( CHOCH ) Area Since Exactly Last Year. For This Reason, We Expect A Reaction And The Formation Of Short Setup Opportunities In This Area In The Short term.