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ITDCEM Going 2 Break All Time High With Huge Positive NumbersNSE:ITDCEM Over 90 years of rich industry experience ...................................................................................... ...................................................................................... Company is expected to give good quarter, Company has delivered good profit growth of 26.4% CAGR over last 5 years ...................................................................................... ...................................................................................... Amongst the leading infrastructure & construction company in Thailand for over 60 years. ...................................................................................... ...................................................................................... Received ‘The Royal Seal of Garuda’ in 1985 - Highest and most honorable achievement for civilian companies in Thailand Global presence in India, Bangladesh, Lao PDR, the Philippines, Vietnam, Africa etc. Access to the latest technology and know-how, international design and engineering as well as skilled personnel to augment our local strength. ...................................................................................... ...................................................................................... MULTI YEAR REVENUE VISIBILITY ORDERBOOK OF RS 18,536 CRORE. • Secured orders worth over Rs 1,053 crore in Q1 FY25. • Clientele comprises of Government (48%), PSU (17%) and Private Sector (35%). • Established presence in India with 13 states / 1 union territory and is currently executing project in Sri Lanka and Bangladesh ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 6,401 crore. Marine project in Bangladesh. West Container Terminal in the Port of Colombo, Sri Lanka. Balance Outer Harbour Works in Andhra Pradesh. Piers, Landside Tunnels & Building in Karwar, Karnataka. Udangudi project in Tamil Nadu. Wharf and Approach trestle works at JNPT in Maharashtra. Captive Oil Jetty at Kamarajar Port in Tamil Nadu. Third Berth (Jetty) at Dahej LNG Terminal in Gujarat ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 3,936 crore. Underground tunneling and stations for metros in Chennai, Bengaluru, Mumbai and Kolkata. Elevated metro stations and buildings in Kolkata Depot metro building in Surat Modification & Refurbishment of terminal buildings in Ahmedabad airport ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 2,717 crore Six laning road project in Uttar Pradesh ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 2,341 crore Redevelopment of Residential colony at Kasturba Nagar in New Delhi. Circuit bench of Calcutta High Court at Jalpaiguri in West Bengal. Thal Sena Bhawan in Delhi. Aerospace museum at AF station in Palam, Delhi. Piling and Civil work for Coke Oven Project at Hazira plant in Gujarat. Construction of buildings for Sikkim University ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 2,120 crore Railway tunnels in West Bengal and Sikkim. Civil & Hydro-Mechanical Works of 500 MW Hydel Power, Pumped Storage Project in Andhra Pradesh. Water conveyor system of lined gravity canal/tunnels in Telangana
NSE:ITDCEMLong
by iism-ExpertTrading
3
US30 34,500 SWING TRADE BUY PRICE Looking at past price action on the 6, 4 & 3-month chart, I can see the price has pulled back to 78.6% fib levels in July, Aug & September which are the last 2 months in the financial year and 1st month in the new financial year in September then after September during Oct, Nov, Dec price has accelerated bullish with huge engulfing candles (Santa Clause rally) following past price action patterns. Currently with the fundamental condition of the market and interest rate cuts pending for September/October/November Q1 (Q4 of 2024) the following 6 months starting from mid-July 2024 have been bearing as price is oversold in a premium market which isn't giving room for more buyer to enter the market at a fair price before the FED rate cuts and indices and stock start the next bullish run for 4 years in the market cycle, so price need to sell into a discounted market below 37,776 which is above the 4month IMB and 4month bull OB. From my analysis price would need to pull back and fill the 4-month IMB and draw towards the 34,500 (safe price) area (32,742 is my 78.6 swing trade price) price there is a monthly bullish OB and 3,444 pip of IMB to be filled. I'm not expecting the price to run directly towards this price area but it will eventually get there over time or to 50% of the IMB at 36,400 or 36,250 (QL)
OANDA:US30USD
by unlmtdmarketing
GBPJPY H4 As observed in the month, the price was strongly rising. Now, we notice the formation of weakness on this pair. It may be temporary. We may witness a free fall from these levels. We will divide the risk. The best environment areas, the 50% Fibonacci levels by 100, may be somewhat dangerous, so we will risk 0.50% in the first trade, which will have a profit of one on 3.25. However, if we sell above the 50% levels in the dollar, something? In girls, something? However, if we sell above the 50% Fibonacci levels, the probability of success will be very high. The profit ratio will be 1. /. 5. 1/2. Good luck.
Short
by Abdelmalak
3
Vechain/Usdt h4We notice that the price has finished 3 impulse waves and the wave structure is not complete and lacks a final fifth wave. Now the price is in the fourth corrective wave that may reach the 50 Fibonacci levels of wave 3 since the second wave reached 61.8 Fibonacci. I do not think that the fourth wave may extend more than 50 percent Fibonacci. Therefore, at the 0.028000 area, we may see a strong price explosion upwards and the first target is 0.035000 and by breaking it, we may continue to 0.039960. I wish you success.
Long
by Abdelmalak
ZROUSDT - Struggling to break the High (SHORT)ZRO recently surged to a swing high and is currently battling at that price area. Let's dive into the latest price action and explore a potential short trade setup with a great risk-to-reward Recent Price Action: Surge to Swing High Swing High: ZRO surged to the recent swing high, encountering resistance at this key price area. Battle at Swing High: The price is currently struggling to break above this resistance, suggesting a potential retracement. Short Trade Setup: Targeting the Fib 0.382 Level 1.) Short Trade Setup: Entry Point: Consider entering a short trade from the previous swing high. Target Profit (TP): The TP for this short trade is the Fibonacci 0.382 level of the entire wave structure, around $3.80. Support and Confluence: Old Order Block: The Fib 0.382 level also coincides with an old Order Block, providing an additional layer of support. Anchored VWAP: Taking the Anchored VWAP from the low, we see clear confluence at the exact 0.382 Fib level, reinforcing this area as a strong support zone. Key Levels and Indicators Resistance at Swing High: Watch for continued resistance at the swing high, which supports the short trade setup. Fib 0.382 Level: Monitor the price action as it approaches the $3.80 level, where we expect to see support from the Fib level and the old Order Block. Volume Trends: Decreasing volume near the swing high can further confirm the potential for a retracement. Strategy: Executing the Short Trade Executing the Short: Enter the short trade at the swing high or at Fibonacci 0.618 (around $4.3), targeting the Fib 0.382 level around $3.80. Monitoring Price Action: Keep an eye on volume and price action for any signs of bullish reversal as the price approaches the support level. Our short trade setup targeting the Fib 0.382 level around $3.80, which aligns with the Anchored VWAP and an old Order Block, offers a strategic opportunity with a great R:R. What are your thoughts on this analysis?
Short
by SiDec
GBPUSD: What Should We Expect from Today's CPI Release?Greetings Traders! What to Expect in Today's CPI Release At the moment, GBPUSD is showing a relationship with bullish order blocks. We observe that after buy stops (external range liquidity) have been taken, the market moves into bullish order blocks (internal range liquidity), and these order blocks are consistently supporting the price. This indicates that the current price action is being driven by bullish institutional order flow, which may continue further today. Key Observations: Bullish Momentum: Order Blocks Support: Price is supported by bullish order blocks, indicating strong bullish momentum. Targeting Buy Stops: The main liquidity draw is towards the buy stops at the high. There is minimal resistance in this direction due to the heavy downward moves during Friday's NFP release. Potential Bearish Shift: Market Shift: If there is a market shift towards the downside, or if the order flow from the bullish order blocks is broken, we may see a downward draw towards the sell stops. Cautious Approach: While the current bias is towards bullishness, any invalidation of this bias will lead to a reassessment of trading opportunities. Trading Strategy: Primary Focus: Anticipating upward movement towards buy stops based on current bullish order flow. Secondary Consideration: Monitoring for any signs of a bearish market shift and avoiding sell-side trades if the bullish bias is invalidated. Please conduct further analysis on your own to complement this overview and to make well-informed trading decisions. Kind Regards, The_Architect
Long
by The_Archi-tect
Notcoin is Bullish or Bearish ?The chart is for the cryptocurrency pair BINANCE:NOTUSDT NOT/USDT from Binance , analyzed on a daily timeframe. Here is a breakdown of the analysis presented: 1. **Current Price**: The current price is approximately 0.015983 USDT. 2. **Price Zones**: - **Fair Value Gaps (FVG)**: Two Fair Value Gaps are highlighted on the chart, indicating areas where price movement was rapid and may return to fill these gaps. - The first FVG is around the 0.017000 USDT level. - The second FVG is around the 0.013500 USDT level. 3. **Order Blocks (OB)**: These are areas of high buying or selling interest, often leading to price reversals. - Two OB+ (Order Block) areas are noted, correlating with the FVGs. 4. **Liquidity Zones**: - **Buyside Liquidity**: This is marked at a higher level, indicating an area where there may be a significant amount of buy orders. The specific levels are marked at 0.029300 USDT and 0.037000 USDT. 5. **Price Projections**: - **Bullish Scenario**: If the price moves upward, it could aim for the buyside liquidity zones at 0.029300 USDT and then 0.037000 USDT. - **Bearish Scenario**: If the price declines, it might target the lower OB and FVG areas around 0.013500 USDT. 6. **Volume Analysis**: The volume bars at the bottom indicate trading activity, with a notable increase during the recent price rise. 7. **50% Shadow**: A level marked as "50% Shadow" which might be an important retracement or equilibrium level. ### Interpretation: - **Bullish Indicators**: If the price can sustain above the current FVG and OB areas, it may attempt to reach the higher liquidity zones. This bullish scenario is illustrated by the green and black arrows projecting upward movements. - **Bearish Indicators**: A failure to maintain the current levels could result in the price dropping to fill the lower FVG, supported by the red arrows projecting downward movements. ### Conclusion: This chart suggests a critical juncture where the price may either move up towards the higher liquidity zones if it can maintain above the current FVG and OB levels or potentially drop to fill the lower FVG if it fails to hold these levels. Monitoring the price action around these key zones and the volume dynamics can provide further insights into the likely direction.
by Pedi_wxe
2
Order Blocks and Breaker Blocks and How To Trade ThemOrder Blocks and Breaker Blocks and How To Trade Them In the intricate world of trading, especially within the forex markets, understanding the mechanics behind order blocks and breaker blocks is paramount. These concepts, rooted in the actions of institutional participants, offer a window into the potential future price movements. In this article, we’ll explore what these critical areas are and how to use them effectively. What Is an Order Block in Trading? An order block, also known as a supply or demand zone, represents a significant area on the price chart where large market participants, such as banks or institutional traders, have placed substantial buy or sell orders. They’re crucial in understanding the flow and direction of an asset, as they often precede notable movements in price. Particularly in the realm of forex, where the magnitude of transactions can be immense, identifying these zones can provide traders with a strategic edge. A bullish order block, or demand zone, is identified during a downward price movement and is the area where the last bearish candle before a substantial upward price movement occurs. This indicates that institutional buyers are stepping in, absorbing sell orders, and preparing to push the price higher. Traders eyeing bullish order blocks anticipate these areas as potential points of interest where price may find support, thus offering a strategic entry point for long positions. Conversely, a bearish order block, or supply zone, is found during an upward price movement and is characterised by the area where the last bullish candle appears before a significant downward price shift. This suggests that institutional sellers are overwhelming buyers, likely leading to a decrease in price. Bearish order blocks signal potential resistance zones, presenting opportunities to enter short positions in anticipation of a downward price trajectory. In both instances, they typically create an impulse move that breaks a nearby high or low to continue or start a given trend. When the market returns to these areas, they often prompt a reversal of the short-term trend and a continuation of a higher timeframe trend. Order blocks in forex are particularly telling due to the high market liquidity and the sheer volume of trades. Recognising these areas allows traders to align their strategies with the likely actions of major institutional players, potentially leading to more informed and effective trade decisions. Why Order Blocks Work These blocks work because they tap into the underlying dynamics of supply and demand, reflecting the actions of large institutional players whose trades can significantly impact price direction. They’re essentially snapshots of where significant buying or selling pressure has accumulated, offering clues to future price movements. When a market approaches a supply or demand zone, the likelihood of a reaction—whether it's a continuation or reversal of the trend—increases because these levels are where institutional traders have previously shown interest, either by initiating large positions or placing take-profit orders. Finding and Using Order Blocks Now, let’s take a closer look at how to identify and use order blocks for trading. Identifying Order Blocks Traders often start by analysing historical price charts to locate order blocks. Typically, these are found where there was significant trading activity, often in the form of a consolidation, followed by a strong directional price move. A bullish order block is where the last bearish candle in a downtrend occurred before a sharp rise. Conversely, in a bearish order block, traders identify the last bullish candle before a significant fall. Note that order block candles visible on a higher timeframe tend to be more probable. Similarly, a small high-low range on a lower timeframe would appear as a single candlestick on a higher timeframe, meaning that the entire range can be plotted as a supply or demand zone. To have a go at spotting your own order blocks, head over to FXOpen’s free TickTrader platform and interact with our real-time charts. Incorporating Order Blocks into a Trading Strategy Incorporating order blocks into a strategy involves observing how the price behaves as it approaches these marked areas. Traders typically watch for price reactions near these zones, using them as indicators of potential entry or exit points. For instance, a price bounce off a demand zone may signal a good opportunity to go long, anticipating upward momentum as institutional interest possibly resurfaces. Traders might also combine these areas with indicators and other analysis tools, such as moving averages or Fibonacci retracements, to validate their signals. This multi-faceted approach helps in fine-tuning entry and exit strategies, potentially increasing the likelihood of effective trades. Risk Management As with any strategy, it's crucial to practise sound risk management when trading with order blocks. Traders often set stop-losses just outside the zone with the assumption that institutional players won’t let the market trade beyond this point. However, when these zones fail, they become known as breaker blocks. Understanding Breaker Blocks in Forex In the realm of forex, understanding the concept of breaker blocks can be crucial when it comes to identifying potential reversals and continuations in trends. Breaker blocks emerge from the failure of order blocks. When these supply or demand zones do not hold, and the market structure shifts, breaker blocks are formed, marking significant levels to watch. A bearish breaker block occurs after a bullish order block fails. This typically happens when there's an upward trend, and a certain level that was expected to support the market's rise instead gives way, leading to a sharp decline. This decline indicates that sellers have overcome the buyers, absorbing liquidity and shifting the sentiment from bullish to bearish. Conversely, a bullish breaker block is formed from the failure of a bearish order block. In a downtrend, when a level that was expected to act as resistance is breached, and the price shoots up, it signifies that buyers have taken control, overpowering the sellers. In both scenarios, price often retraces to the failed zone before continuing the newly formed trend. Finding and Using Breaker Blocks To harness the power of breakers, traders adeptly identify these pivotal points and integrate them into a coherent strategy. Identifying Breaker Blocks The first step involves scrutinising price charts for significant reversals that follow the failure of established supply or demand zones. A bearish breaker block, for instance, would be marked by a sudden decline after a bullish trend fails to sustain, trading through a bullish order block, and vice versa. The most notable breaker blocks are often the order blocks that stand out visually or would need to stay intact if a given trend is to continue. When they fail, they can then be plotted as a valid horizontal level to look for a retracement before a potential move away. Strategic Application Once identified, these zones can be strategically employed as markers for potential trade entries. For a bearish breaker, traders might consider short positions, anticipating further declines as price retests and rejects the previously failed support level. Conversely, a bullish breaker suggests a potential long position as the market may continue to rise, having breached a significant resistance. Combining Order Blocks and Breakers Combining these two ideas offers a nuanced approach to forex, especially when integrating the concept of liquidity voids or fair value gaps. These gaps occur when the price makes an impulsive move away from an order block without retracing, potentially marking areas for future reversals. This strategy shines in trending assets, where the directional momentum aligns with the formation of these critical zones, offering potential entry and exit signals. Trending and Ranging Markets In a trending market, order blocks that prompt sharp price movements away can be key areas to mark for a trend reversal. These marked zones can indicate where significant buying or selling pressure originated, offering potential entry points. However, it's essential to recognise that in a ranging or consolidating market, they might not hold as expected. The Role of Breaker Blocks When institutional interests shift, leading to the failure of an order block to act as support or resistance, this is where breaker blocks come into play, becoming a critical level to watch. Particularly after a sudden move, if a supply or demand zone ripe for reversal is now too far away to see an immediate retracement, the breaker serves as a strategic entry point ahead of a trend continuation. Setting Market Direction with Breaker Blocks Breaker blocks not only signal potential entry points but also help set market direction. The breach of an order block by price action indicates a strong likelihood that the asset will continue in that direction, underscoring a shift in institutional interest. When price trades through an order block, showing no signs of halting, it suggests a path for the trend, offering traders insight into the prevailing momentum. Limitations of Order and Breaker Blocks While order and breaker blocks provide insightful strategies in navigating forex markets, they come with limitations that traders should be aware of: Market Volatility: High volatility can disrupt the reliability of these zones, leading to false signals. Institutional Disguise: Large market players may mask their activities, making it challenging to identify genuine order or breaker blocks. Lagging Indicators: These areas are based on past price behaviour, which might not always be effective when analysing future movements. Overreliance: Solely depending on these strategies without incorporating other analyses can lead to missed opportunities or misinterpretations. The Bottom Line Navigating the forex market with an understanding of order and breaker blocks can help refine your trading strategy, offering insights into institutional movements and potential market reversals. For those ready to apply these insights in real-time trading, opening an FXOpen account offers a gateway to the dynamic world of forex, connecting you with global markets and potential opportunities. FAQs What Is an Order Block in Trading? An order block refers to a price area on the chart where significant buy or sell orders were previously placed by large institutional traders. These zones are key to identifying potential support or resistance levels, providing insights into future price movements. What Is a Breaker Block in Trading? A breaker block is a concept that emerges when an order block fails, leading to a change in market structure. It signifies a pivotal point where the market shifts direction, offering traders opportunities to enter trades based on anticipated trend continuation. How to Identify Order Blocks? Order blocks can be identified by analysing price charts for areas where there was significant trading activity, followed by a strong directional movement. Traders look for the last bullish candle before a downturn for a bearish block, or the last bearish candle before an uptrend for a bullish block, indicating potential zones of interest for traders. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
2
ORDER BLOCK AND FAIR VALUE GAP SMART MONEY CONCEPT**Order Block**: An order block is a specific price area on a financial chart where institutional traders have placed large buy or sell orders. These areas often lead to significant price movements and are used by traders to identify potential zones of support or resistance. Order blocks represent clusters of orders from big players like banks or hedge funds, signaling where major buying or selling interest lies. When price revisits these zones, it often reacts strongly, making them valuable for predicting price reversals or continuations. **Fair Value Gap**: A fair value gap (FVG) is a price range on a chart where there is an imbalance between buyers and sellers, often created during periods of high volatility or news events. This gap typically occurs when the market moves so quickly that trades do not fully fill, leaving a visible gap on the chart. Traders use fair value gaps to anticipate potential price retracements to these levels, as the market tends to revisit and fill these gaps over time, aligning price with its perceived fair value. Both concepts are crucial in technical analysis for identifying key price levels where significant market activity is likely to occur.
Education
by FrankFx14
2
Sell EURUSD H4 Channel Breakout & Order BlockThe EUR/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0820, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0620 Stop-Loss: To manage risk, place a stop-loss order above 1.0900. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Opportunity Breakdown : 1. Bullish Channel Breakout & Retest 2. Price Reversal @ Fibo - 0.786 Market Factors: Dovish ECB vs Hawkish Fed: The European Central Bank (ECB) is generally expected to maintain a dovish stance on interest rates, while the Federal Reserve might continue raising rates to combat inflation. This interest rate differential could weaken the EUR relative to the USD. Weak Eurozone Data: Recent economic data releases from the Eurozone might have painted a weaker picture of the region's economic health, potentially undermining confidence in the Euro. Thank you.
Short
by KABHI_TA_TRADING
7
MARKET STRUCT USING ICT CONCEPTThe Inner Circle Trader (ICT) concept in trading, developed by Michael J. Huddleston, offers a comprehensive approach to understanding and navigating market structure. ICT emphasizes the importance of market structure, which refers to the organization and arrangement of various market components, such as support and resistance levels, trends, and price patterns. This approach involves identifying key levels where institutional investors might be placing orders, understanding liquidity pools, and recognizing the behavior of smart money. By focusing on these elements, traders can better predict market movements, identify high-probability trade setups, and manage risks effectively. The ICT methodology combines technical analysis with a deep understanding of market dynamics to provide traders with a robust framework for making informed trading decisions.
Education
by FrankFx14
SIMPLE ICT CONCEPTS FOR TRAADING SYNTHETIC INDICES The Inner Circle Trader (ICT) concept for trading Deriv synthetic indices involves using sophisticated market analysis techniques and proprietary trading strategies. It focuses on understanding market mechanics, price action, and order flow to make informed trading decisions. ICT strategies leverage advanced tools and ICT knowledge to predict synthetic market movements, optimizing entry and exit points for higher profitability and risk management.
Education
by FrankFx14
FAIR VALUE GAP OR ORDER BLOCK ENTRYA fair value gap (FVG) and an order block entry are concepts used in technical analysis within financial markets to identify potential trading opportunities. ### Fair Value Gap (FVG) A fair value gap refers to a price range on a chart where there is an imbalance between buyers and sellers, often resulting in a quick movement through this area without much trading activity. This gap can create a zone of interest where price may return to fill the gap, presenting a potential trading opportunity. Traders look for these gaps to predict price movements, expecting that the market will revisit these areas to achieve a fair value. ### Order Block Entry An order block is a consolidation area where significant buying or selling has taken place, often by institutional traders. These blocks are typically identified by a cluster of orders that create a strong support or resistance level. When price returns to this level, it often reacts due to the presence of unfilled orders, providing a strategic entry point for traders. Order blocks are used to predict where the price might reverse or continue its trend, offering a high-probability entry signal based on historical price action. Both concepts are used by traders to make informed decisions based on the past behavior of price and volume, aiming to identify areas where significant trading activity is likely to influence future price movements.
Education
by FrankFx14
ORDER BLOCK CONFIRMATION ENTRY PART 2Sure! Here's another description of order block confirmation with a focus on practical application and detailed examples: ### Understanding Order Block Confirmation: Order block confirmation is a technique used by traders to identify and validate significant price levels where large orders from institutional traders have been placed. These levels often act as strong support or resistance zones. Confirming an order block helps traders make informed decisions about entry and exit points in the market. ### Detailed Steps for Order Block Confirmation: 1. **Identify Potential Order Blocks:** - **Bullish Order Block:** Look for a downtrend that ends with a strong bullish reversal, marked by one or more large bullish candlesticks. - **Bearish Order Block:** Look for an uptrend that ends with a strong bearish reversal, identified by one or more large bearish candlesticks. 2. **Analyze Market Structure:** - **Trend Context:** Determine whether the market is in an uptrend, downtrend, or sideways movement. This context helps in predicting the likelihood of the order block holding. - **Key Levels:** Note the order block's alignment with significant support or resistance levels. 3. **Volume Analysis:** - High volume during the formation of the order block is a strong indicator of institutional activity. Look for volume spikes that coincide with the large candlesticks forming the order block. 4. **Price Action Confirmation:** - **Engulfing Patterns:** A bullish engulfing pattern at a potential bullish order block or a bearish engulfing pattern at a potential bearish order block can confirm the level. - **Pin Bars and Rejection Candlesticks:** Candlesticks with long wicks (e.g., pin bars, hammers, shooting stars) at the order block level indicate strong rejection and confirm the presence of significant buying or selling interest. - **Break and Retest:** Confirmation is stronger if the price breaks through the order block level and then retests it as support (for bullish order blocks) or resistance (for bearish order blocks). 5. **Indicator Confirmation:** - **RSI (Relative Strength Index):** If the RSI shows overbought conditions at a bearish order block or oversold conditions at a bullish order block, it provides additional confirmation. - **Moving Averages:** The interaction of price with moving averages (e.g., 50 EMA, 200 EMA) near the order block level can confirm its validity. A bounce off or crossover can be significant. 6. **Confluence of Factors:** - Multiple confirmations such as Fibonacci retracement levels, pivot points, and trend lines aligning with the order block increase its reliability. ### Practical Examples: 1. **Bullish Order Block Confirmation:** - Suppose the price of a stock is in a downtrend and reaches a level where it forms a large bullish candlestick, followed by increased volume. - The RSI indicates oversold conditions. - The price breaks above the identified order block and later retests this level, forming a bullish pin bar. - This confluence of signals confirms the bullish order block, suggesting a potential entry point for a long position. 2. **Bearish Order Block Confirmation:** - Consider a forex pair in an uptrend that hits a resistance level, forming a large bearish candlestick with a volume spike. - The RSI shows overbought conditions. - The price breaks below the identified order block and retests it, forming a bearish engulfing pattern. - This setup confirms the bearish order block, indicating a potential entry point for a short position. ### Trade Execution and Management: 1. **Entry:** Based on the confirmed order block, place a buy order at the bullish order block or a sell order at the bearish order block. 2. **Stop-Loss:** Set stop-loss orders just below the bullish order block or above the bearish order block to manage risk. 3. **Take Profit:** Identify potential take-profit levels based on historical price action, nearby support/resistance levels, or using risk-reward ratios. By following these detailed steps and examples, traders can effectively use order block confirmation to enhance their trading strategies and improve their chances of successful trades.
Education
by FrankFx14
ORDER BLOCK CONFIMATION ENTRYOrder block confirmation is a concept used in technical analysis, particularly in the context of trading financial markets like forex, stocks, and cryptocurrencies. An order block is a significant price level where institutional traders have placed large orders, resulting in a concentration of buying or selling activity. Identifying and confirming these order blocks can help traders understand potential future price movements. ### Key Elements of Order Block Confirmation: 1. **Identification of Order Blocks:** - **Bullish Order Blocks:** These occur when price action suggests strong buying interest. Typically, they are identified after a downtrend when a large bullish candlestick or a series of bullish candlesticks emerge, signaling strong buying pressure. - **Bearish Order Blocks:** These are identified after an uptrend, marked by a large bearish candlestick or a series of bearish candlesticks, indicating strong selling pressure. 2. **Market Structure Analysis:** - **Trend Analysis:** Determine the prevailing trend to contextualize the order block. In an uptrend, look for bullish order blocks; in a downtrend, look for bearish order blocks. - **Support and Resistance Levels:** Order blocks often align with key support and resistance levels. Confirming these levels adds to the validity of the order block. 3. **Volume Analysis:** - High trading volume at the order block can confirm the presence of institutional activity. Spikes in volume during the formation of the order block signal strong interest from large market participants. 4. **Price Action Confirmation:** - **Engulfing Patterns:** A bullish or bearish engulfing pattern near the order block can confirm its validity. - **Rejection Candlesticks:** Pin bars, hammers, or shooting stars at the order block level indicate strong rejection, confirming the order block. - **Break and Retest:** Price breaking through the order block and then retesting it can serve as a confirmation. For a bullish order block, the price should break above and then retest the order block as support. For a bearish order block, the price should break below and then retest it as resistance. 5. **Indicator Confirmation:** - **Relative Strength Index (RSI):** An overbought or oversold RSI at the order block can provide additional confirmation. - **Moving Averages:** Crossovers or bounces off moving averages near the order block can corroborate the signal. 6. **Confluence Factors:** - The more factors aligning with the order block (e.g., Fibonacci levels, pivot points, trend lines), the stronger the confirmation. ### Practical Steps for Traders: 1. **Identify Potential Order Blocks:** - Look for significant price movements and areas where the price has previously shown strong support or resistance. 2. **Wait for Confirmation:** - Use price action, volume spikes, and technical indicators to confirm the validity of the order block. 3. **Plan Your Trade:** - Once confirmed, use the order block as an entry point, setting stop-loss orders below the block for bullish trades or above the block for bearish trades. 4. **Monitor and Manage:** - Keep an eye on market conditions and be prepared to adjust your strategy if the order block is invalidated by new price action. By carefully identifying and confirming order blocks, traders can gain insights into potential areas of strong market activity and make more informed trading decisions.
Education
by FrankFx14
XAUUSD LONG AND SHORTHi Guys, its been a long time since i published an analysis. and I'm back again Gold sore the other day and reached the 2379 level which was the resistance, and has managed to cool off those buyers. As always there are some demand and supply levels to take trade from. Our immediate demand level would be around 53-49 which upon reaching, with confirmation we will take trades. If the level is breached other levels below would become possible long points. Those who want to go short ,currently level around 73-75 is a suitable point and above that levels 85,93,403,412,.... My view is that Before continuing higher market needs to see lower prices and demand levels to test. * As always add your own intuition and logic into this analysis and proceed with safety measures in place. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
BTC Long term predictions On the weekly timeframe these are my potential price paths leading up to and beyond the all important halving. Using the volume profile indicator, it's possible to see where the highest volume areas are during the way down from the 69k all time high. These areas are where price will usually reach congestion where large orders are being defend and or added to in order to try and push price back in the original direction. As shown BTC is currently inside a Bearish Orderblock and waiting for price to react off of it, and how Bitcoin reacts leads me to the 3 paths I have predicted: Bullish Path - If btc flips this bearish OB and retests it with a confirmation as new support, next stop is 38k where the volume profile shows an area of high volume, and therefor resistance as the last time we were at this level the imbalance on the orderbook sent price lower. As price continues to retake previous bearish OB's and turning them into bullish ones by the time the next halving comes around we should be poised to look forward to retaking the ATH. Neutral Path - I think the middle and most balanced of the 3 outcomes would make the most sense to me given the economic macro environment with the threat of recession looming over the crypto industry, but also the majority of the downtrend is over from the bear market, Btc dropped 77% from its high and although its possible to drop further it's inline with bear markets in the past. Bearish Path - The bearish outcome leading up to and beyond is the current OB rejects price and sends it back to the POC (point of control) which would really hurt the market but isn't out of the question given the lack of available disposable income and free credit to invest going into the later months of 2023. Unfortunately this is quite likely in my opinion. However, the halving event that takes place this time next year has always started rally's in price, and last Bullrun began just before a halving event. So in conclusion HTF chop and then rally into the halving and beyond.
INDEX:BTCUSD
by ProR35