Orderblocks
" GBPJPY " Buy Trade With 300 Pips Target Hi Trader's Good Morning ,, And Hope To Be This Day IS Profit Day For All Of You !!
Let's Explain Together The " GBPJPY " Next Move !!
We Waiting For Break Out The Area In Chart ,, And Test It To Long To Target
Suggest Break Out Point 163.950
Target 166.400
Please If You Like My Chart Make Like And Comment
DXY getting juicyDollar is resting below equilibrium (50%) of the marked range making it ideal for buying opportunities. Price action is indicating a bullish dollar in the coming weeks by forging buyside liquidity in the form of retail sell stops above the marked relative equal wicks. Large retail liquidity should get wiped. Expecting price to react from the marked institutional candle (the bullish orderblock +ob) to rebalance the fair value gap above the liquidity. Those are our targets for now.
Stay well !
Mini Course : Order Block Course Hi Trader's ,, How Are You Today ? Enjoy In Holiday ,, Buy Don't Forget To Learn Too In Holiday ..
Let,s Take A Very Fast And Mini Course For : Order Block ,,
First : What IS The Order Block Mean ?
Answer : There Are Many concepts For Order Block ,, But the Real And Easily concepts For It Is " Order Block it's The Area There Banks And Big Companies Take There Orders From it "
Second : How To Get It On Chart ?
Answer : We Have 2 Patterns For It ,, Bullish And Bearish As You Se On Chart ,,
In Bullish We Have 2 Way ,, In Down Trend We Get " Low ' High ' Lower High ' Higher High ' Lower High " Then Enter Our Trade
Or In Also Down Trend We Get " Low ' High ' Lower Low ' Higher High ' Lower High " Then Enter The Trade ..
In Bearish Pattern We Also Have 2 Way To Entry ,, In Up Trend We Get " High ' Low ' Higher Low ' Then Break Out The Low And Test It And Entry "
Stop Lose Be Above The Area With 20 - 40 Pips Only
IF You Get New Information From me ,, Please Like And Comment
Easy Orderblock Setup On AUD/USD - Wait For The Pull BackToday is NFP Friday.
This means that prices can become extremely volatile today.
Trade at your own risk today. Be careful of extreme volatility when the markets open.
I am looking at AUD/USD on the 1-hour time frame. We have had a few Order blocks in the past few hours that have all hit nicely. However, I am focusing on the current most recent high as a point of entry.
I have highlighted the order block zone in yellow. I did this by putting a zone around the most recent bullish candle before the impulsive move downwards.
I am waiting for the price to retrace back into this yellow zone before opening up a possible short position targeting the 0.695 price level. There is a lot of interest at this level as we can see it has been treated as support and resistance.
I'm looking for a simple one-to-two risk to reward with this position.
Keep the setups simple and wait for opportunities to show themselves to you.
We have had a large drop in the 4-hour time frame which shows that we have potentially switched trends around for the time being. This is why I am looking for short opportunities.
This order block co-insides nicely with the above descending trend line connecting the three tops moving downwards.
I would like to see some strong bearish volume show up soon to help add confluence to this move downwards.
As we are waiting for a retrace back into the yellow order block zone, I do not want to see strong bullish volume. I'd rather it be weak bullish volume to help confirm that we are still moving downwards.
As today is NFP, anything can happen. Markets react differently to NFP so I would rather stay out of the markets today as there is always another opportunity.
However, I wanted to show you guys what I would be looking for.
I love trading order blocks. They are my primary strategy in the 4-hour time frame. I use them in conjunction with MA lines, the MACD, and volume. I always aim for a minimum of one to two risk to reward.
For those of you that aren’t used to trading them but would like to learn more about them, I suggest going through your charts and learning to spot them. Look for places on the chart where you can see a large impulsive move breaking previous support and resistance and then look for the most recent bullish or bearish candle before the impulsive move in the opposite direction. This would be your order block. Highlight that candle from top to bottom and drag out the zone and see if the price respected this zone by retracing back into it before continuing its move.
On that note, I wish you all a happy weekend.
I will be seeing you next week.
The Vortex Trader.
CADCHF GOOD SELL SETUPHello traders... Here's an interesting setup on CADCHF, I marked a good AREA OF INTEREST on the chart that is responsible for breaking structure to the downside (for all that, technical factors still indicate bearish order flow... There's a good harmonic pattern that complete at our area of interest that could add a confluence to this short setup. Let's wait for price to reach that AOI and see how it reacts
Bitcoin Daily Order Block Profits SecuredHi everyone,
Today I am analyzing Bitcoin. I just want to show you guys how I see these patterns when they present themselves to us on the charts.
Looking at the daily time frame, we can see that price has respected that support zone around 19000. Price has indeed bounced off of that price level three times.
The first time was the deepest and that was where we found our current bottom.
After the third tap, we created a higher high taking out previous resistance that was created halfway through June. So finally, this is where we saw our first bit of bullish price action. Once that high was created, the price came back down and wicked beautifully into a daily order block zone which I have highlighted in yellow. If you would have taken this trade, you could have easily secured a risk to reward of 1 / 5.
When the price pierced into this yellow order block zone, it also coincided nicely with the bottom of the ascending channel that the price has been in on the daily time frame.
You see how all these patterns start to play out. Once we see them, we can begin to take advantage of them.
When we jump into the 4-hour time frame, we can then see a beautiful head & shoulders pattern that showed itself. I highlighted the neck zone in yellow and we can see that price impulsively broke this neck zone before retracing back up to it.
We could have shorted BTC at the neck zone with our targets being at the bottom of the channel with also previous support on the 4-hour.
Moving back to the daily time frame, as we are in an ascending daily channel, I would normally be waiting for a break to the downside. Once we see the break, I would wait for a retrace back up to the channel bottom before opening up a short position targeting previous support levels around the 19000 price point.
I would much rather like to see bitcoin bounce off the channel bottom and continue to make higher highs. I'm a crypto investor and I'm cheering it all the way. However, as a trader, we can only trade what the charts tell us.
So, let's see what this chart decides to say in the coming days and weeks.
Hope you all have a fantastic day.
See you at the next one.
The Vortex Trader.