USDCHF 4 hour order block - January 13, 2020Order block on the 4 hour.
Looking for price to retest the break of trend.
Equal lows below for price to break. On the weekly there was an buy order block from last September that's been hit a few times, I am predicting that price will now break this block and continue it's move down.
Orderblock
GBPUSD 2 hour order block - January 8, 2020- Order block on the 2 hour has been highlighted.
- The large trend line is a daily trend line (blue) where we have a possible third touch on trend.
- Support is currently being created on this block.
- I expect price to take off once it nears the daily trend.
- TPs are at previous highs. Since we are looking on a larger trend line, Stop Loss is adjusted to be approx 30 pips below the orderblock.
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.
USDCAD Daily - Long BlockUSDCAD
- Bullish engulfing creating an order block
- Price currently creating support off trend
- Looking for price to hit at least 1.32000 mark before continuing up / retracing
- There is bullish USD news this week which could be our catalyst for a move upward
- SL placed below previous lows at 1.30050 / Entry at 1.30650
NZDCHF SHORT Keeping it simple here,
- We have two nice clear trend lines that have been respected previously
- Our daily OB has given us some nice resistance timing perfectly with the trend
- RSI is showing overbought
Playing it safe with a tight stop just above the wicks from the last few days or where ever you feel comfortable
Please comment if you find my idea useful :)
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.