Bearish Orderblock with SH Powerful setups 🔥Definition. Order blocks in forex refer to the collection of orders of big banks and institutions in forex trading. The big banks do not just open a buy/sell order, but they distribute a single order into a check of blocks to maximise the profit potential. These chunks of orders are called order blocks in trading
Orderblocks
EURUSD - Expecting Bearish WeekLINKS RELATED TO THIS PAIR (OTHER TIMEFRAMES)
(Use these pictures as reference for the description below)
Monthly Perspective:
Weekly Perspective:
Daily Perspective:
H2 Perspective :
ANALYSIS:
Monthly:
(check the picture above)
Price is trading through a Bullish Candle whilst being in a strong downtrend. This proves that Sellers are in control as buyers don't have enough volume to sustain bullish prices. Therefore, this candle will likely hold as a structure if price closes below it in 17 days.
Also, previous Monthly candle's wick low is "Previous Month Low", meaning It's an excellent Liquidity level for price to run to this current month.
And these Equal Lows are amazing for price to run to.
So Liquidity-wise, we have a Previous Month Low + Equal Lows. Can't get any better than that :)
Weekly:
As you can see on the Weekly, we have a Strong Downtrend. We want to follow it. "The trend is your friend" lol.
All imbalances above have been rebalanced. We have no Buy-Side Liquidity at all.
Check the Weekly FVG that price has just tested. See the reaction. We completely filled it WITHOUT closing above the FVG. That tells us that the FVG is being respected, and usually, price moves away from it when this happens.
At the same time we have a 3-Bar Swing High. That's another great indication that the next weekly candle should be Bearish to take out the previous week's Low.
And if that happens - where will price be? At the equal Lows (which is the ultimate target for this analysis).
At the Equal Lows target, I'm expecting price to run to and through these levels to Liquidate the resting orders there.
Daily:
The horizontal on the left annotated with an "x", was a high. The high had liquidity. Price ran to and through that high taking liquidity (bearish indication), before running into the Bearish OB above.
Price tested and reacted beautifully from the Orderblock. This Orderblock should keep pushing price lower.
H2:
Beautiful Distribution happened in the reaction of the OB.
Also, we have a Market Maker Sell Model (marked up with the grey boxes) for another confluence for Shorts.
Additional confluence:
I'm Bullish on the USD (DXY). If the DXY goes up should EURUSD go down.
Summary:
As I expect the next Weekly candle to be Bearish, I will have a Bearish perspective for price this upcoming week. I will look for Shorts entries on Lower timeframes.
This is my view on EU. Do your own research before taking any trades.
General OverviewIt is important to not take a bullish/bearish bias and to just play the key levels and information as you see it.
That being said, lets zoom all the way out a bit. Don't get stuck looking at the same 5min charts and take some context. So starting on the 4hour (tradingview . com/x/W4gL6ACD/does it seem unlikely that there will be some relief here, not at all, that is a huge sell off right when people thought it was the bottom originally! (but look at the macro environment and outside of crypto, financials are dogsh1t. Take this into consideration.) Zooming into the 1 hour; 21720 remains the area which I will start looking for scalp longs instead of shorts and 18300 and 17200 ish are the areas where I am looking for scalp longs. These being the mark for a higher high and the 4H and Daily OB levels respectively. Until these areas, the positions are with minimal risk, tight SLs and short time frames rather than longer swings.
These are the levels more graphically. It is what it is, play no bias and take it how it comes within the key time frames and killzones :)
AUDUSD 45min on Monday 20.06 20.06
A breakout strategy can be implemented from 0.68989 downward to the zone mentioned on 0.68608.
More Downward break from 0.68284 and testing the same zone having a bearish momentum can test further lower levels.
- For Bullish momentum price action need to break above previous highs such as 0.71299 levels and test it respectively.
- A bounce back from 0.68450 can be also indicate a bullish short term run.
ATOM/USDT : broke above the S/R zoneBINANCE:ATOMUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$ATOM has broken above the local S/R zone and now it has reached the higher bearish order-block.
With the lower trendline, It's expected for $ATOM to break above the resistance zone and so, It'll be our trigger as a hold above the mentioned resistance zone to locate our Longs...
However, If we get the rejection from the current resistance, Then it'll come with a passive long setup mentioned on the chart!
- The final targets are the same for both scenarios, Same or less.
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Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
XAUUSD (GOLD) D1Hi there,
Over here i got the Bulish Bat pattern on daily TF so you can found the buying Opportunity, and also here is POI on D1 TF From 1677 to 1715 as i mentions in the chart, And also from here the 0.886 (88.6%) level of fibonacci retracement, The Last thing is that it is a strong support also.
Note: this is not a financial advice thank you
GOLD (XAUUSD) 1DHi there,
Over here i got the Bulish Bat pattern on daily TF so you can found the buying Opportunity, and also here is POI on D1 TF From 1677 to 1715 as i mentions in the chart, And also from here the 0.886 (88.6%) level of fibonacci retracement, The Last thing is that it is a strong support also.
Note: this is not a financial advice thank you
nas bulls perspectiveso yesterday i was looking to go bearish on nas based on the 1h timeframe support break. now on the 4h timeframe it looks like nas was just retesting the 4h orderblock. today as we see ,nas is on a bullish move currently and we would love to see a retracement so we can enter for more buys, however if price decides to shift structure on the 15min timeframe i will enter at this current level.(leave comment if you would like to know how i confirm structural shifts)
nasdaq intraday longs.So im riding the up wave on nasdaq guys. structure seems to have shifted on friday. now we continue, on fridays trade we are already on break even, and adding more trades as we go,(on private lessions). yesterdays trade is still neutral due to the impulsive move down , but it looks like we getting a new entry. the only time i will go bear again is if price breaks the red trend line and gives me a sweet retracement.