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Orderblock

Bearish bat Usdjpy has created a bearish bat pattern in h4 chart, we see the XA leg as an impulsive leg because the swing in A broke a previous low and this thing is really positive because shows that the sellers are becoming stronger and it could be a first signal of a Change of Character (market changed from bullish to neutral now). We have fundamentally 2 possibilities to trade this kind of setup , the first one has the imbalance as target, that specific zone is really intereasting because there is an orderblock whereas the second opportunity can let us make big money if price breaks the lat low and starts a mean reversion. Send me a message if you want to be updated and trade with me and my team! Enjoy your trading and apply solid MONEY MANAGEMENT RULES!! tHE ITALIAN TRADER!
Short
by Dragon_Investments
2
AUD/USD Short Setup - Order Block EntryToday I am trading a possible Order block setup on AUD/USD in the 4-Hour Chart. Looking left, we can see that this major support level has been broken. This support level has been held since July and only was broken yesterday. We saw the price close below this level clearly showing a break in this level. I looked for the most recent bullish candle before the bearish impulse sending the price below this support level. I highlighted this candle from bottom wick to top wick and extended it right. This yellow zone is called the Order block zone. I am now waiting for the price to retrace back into this yellow OB zone before opening up my short position targeting the previous price structure around the 0.684 price level. Depending on where we place our entry will impact our possible risk to reward. I always like to use the middle area of the Order block zone as a point of entry. My stop is placed a few pips above the most recent wick to give myself some room should the price decide to liquidate some positions. I then like to take targets at a one to two risk to reward. If we hit the one to two RR then I will scale out and let the rest of the position run. These Order blocks can be fantastic setups and can present very profitable positions, but we have to make sure we trade them carefully. I suggest doing a lot of backtesting before trading these live. There are many ways to trade them and I think the best way to approach them is for you to determine what works best for you. This means, going back in the charts and demo-trade them across time. Then forward test them on a demo account. Decide how you like to choose your entries, targets, and stops. Once you come up with a strategy that works for you, then trade a sample size of around 20 to 25 positions and see if it is profitable for you. There's no rush. Trade carefully and slowly. Trade mindfully. See you on the next one. The Vortex Trader
Long
by TheVortexTrader
⁉️ What is OrderBlock? ‼️ Order Blocks are candles where Market Makers (Banks) have placed their positions, generally, the market returns to those candles and they are never violated. There're 2 types of Order Blocks: 1. The Bullish Order Block is the last bearish candle before the bullish movement, that Break The Market Structure Higher. Represents a high possibility of holding the price, when the price returns to it. 2. The Bearish Order Block is the last bullish candle before the bearish movement, that Break The Market Structure Lower. Represents a high possibility of holding the price, when the price returns to it.
Education
by Snick3rSD
9
#analysis 59 - Weekends endSo the weekend has finally come to an end, and we can see there's not much altcoin flied far. Now Bitcoin has come to a consolidation phase. Not pretty sure how it go, so flat now. But I did check the chart of FTT. It seems that pretty good if we reach the lower part inside the range. Look forward to going to the range high if we made a bounce down below. However, the SL should be at around the range low, not below the OB for safety. Why? The range low has already tested for 3 times, which is not pretty good for general cases. Also, now not pretty sure how Bitcoin go in the new week. We'll set it when Monday ends. So let's take a rest for another day.
F
by p3nchan
USDCAD.... BULLISH TRADE IDEA... 20RR TRADE OPPORTUNITYHello Traders, USDCAD has been bullish overtime and one thing you will notice is that the market had cleared the daily equal highs (daily timeframe) which led to the recent bearish leg. Price has approached a very sensitive area and I suspect that the early buyers will be taken out. Why do I think so? trendline liquidity has been formed and needs to be taken out for the strong bullish move to occur. I have marked the zone where I speculate this move will start from. Let me know in the comments what you think about this idea. Cheers Fam!
Long
by jabariofafrica
4
EURUSD... SHORT TRADE IDEA... 15RR OPPORTUNITYHello Traders, EURUSD has been bearish for sometime now and we have seen some retracement (profit taking). On my chart, you will see the trendline equal lows that was taken out before the bullish move and you will also notice the trendline equal highs that the market went to sweep. Now that the market has taken liquidity (trendline equal highs), we can expect price to continue bearish. I have marked the area in which I expect price to continue the bearish move from. Let me know what you think in the comments. Follow for more. Cheers.
Short
by jabariofafrica