NASDAQ ANALYSIS Evening
Today’s ideal look at the market is NASDAQ , continuing the SELL ORDER FLOW BIAS, where I spotted a change of character during the course of today, IM LONG TERM SELL BIAS
Orderblockbreak
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.
⁉️ How to identify orderblocks? ‼️ 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.
BTCUSD Trade BreakdownIn this video, I breakdown a successful Bitcoin trade that started at market open and hit TP during after NYSE Open.
I want to share the power and simplicity of trading order blocks and breaks of structure.
EURUSD could start its descent from hereFor the last week, I've been anticipating a drop in EU, and now, it finally looks like the bulls are starting to lose strength. The resistance zone has been retested multiple times since yesterday and failed to break above. I am expecting one more push down completing the H&S before the next wave up.
As of now, the price hasn't even started to break any important levels and that is why this idea is for preparation in case it does. Another spike up in the equity markets could push DXY down triggering EU to break above the resistance zone.
Support for this idea:
Minor order block looks like it might break any moment. (Bigger order block structure has to break below 1.195)
Break of minor trendline support
LTF trendline support is not far below
Looking for the H&S structure to complete before the next wave up
Start to look for price action to push EU down and look for safer entries or scaling in, with a break below the bigger order block and LTF bullish structure around 1.95 & retest around 1.96.
Just a note, I already entered this trade with a high-risk entry at 1.199. If it breaks below 1.95, I will be looking for scaling in entries.
Invalidation for this idea would be a break above 1.2.
Let me know your thoughts.
Trade Safe!
HEET
