Orderblocks
The new lowsI choose to hedge and wait for the new lows to occur;
Once we start to loose market structure, it is likely this is the top.
Personally, I am more inclined to believe this is a running flat as opposed to the expanded one because the coin has been in a very strong downtrend. Every rise is a sell opportunity.
GBPUSD Small Countertrend Long PositionHi Traders,
Yes, GBP/USD is still falling along with many other markets.
We have not bottomed out as yet – No confirmation suggests a reversal as yet.
If the price retraces slowly back into the yellow zone, I am looking at a small buy position.
It is a countertrend trade so I will be risking a very small amount.
We have a large bullish impulsive candle that took out previous price structure.
If the price retraces with low bearish volume, I would consider jumping in on this counter-trend position with a Risk/Reward of 1 / 4.
Have a great day.
See you on the next one
The Vortex Trader
Testing out a new strategy on gbpjpyThis strategy doesn't depend really on market direction. It's mainly orderblock, S&R and fair value gap.
ACRONYMS USED HERE ARE;
BMS-Break in Market Structure.
ORB- Order Block.
FVG- Fair Value Gap.
Let me walk you through my thought process;
First Identify your order block
Find your resistance
Find your fvg
Now you can decide to do two things depending on whether you're the aggressive or conservative trader.
If you're aggressive, you could either open a trade at the fvg, where your sl is either below the close of the first candle or just below the orb.
If you're the conservative type you'd want to open the trade at the retest of the orb, place your sl just below the zone adn your TP1 should be the fvg and tp2 should be the next high
AUDUSD Short Entry Hi Traders,
Happy Monday.
Hope you all had a great weekend.
Today we are looking at the AUD/USD Chart
The bearish volume on the Daily chart is undeniable.
We have been trending lower for quite some time now and it doesn’t seem to be slowing down at least for the time being.
I am looking for a retrace into the yellow zone.
Once we have this retrace my short position will open with a RR of 1/3
Have a great day.
See you on the next one
The Vortex Trader
NFP Today. Who Is Trading Gold?Hi Traders,
It’s NFP Friday.
Who's scalping today?
I am looking at an entry on GOLD that I have taken.
It is a long position so it’s counter-trend.
I wouldn’t class this setup as an A Grade as it’s against the trend.
I waited for to price to break previous structure with strong conviction and volume
I entered on the retrace of that zone.
My RR is 1/4
See you on the next one,
The Vortex Trader
BTC/USDT : Second stand of bearish wave!BINANCE:BTCUSDT
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!
We nailed our last two calls on $BTC and now I'm going to call the third and last mid-term position.
There's a formed supply candle with the order-block formation on candles body.
Also Any break above the zone, Will lead the pair to $39200, and also there's another S/R zone located below.
So based on the data we have, Everything is matched for the next bearish wave!
But the main Idea is coming from our last exclusive Analyzes on weekly TF :
Trading setup :
🔻 Entry Pointes : $36500 - $37000 - $37500
📍Targets : $35000 - $32800 - $30700 - $28800
🟥 Overall stop-loss : $39200 ( Three Candles Close )
📚 If we get caught on SL then, I'll move on and wait for the next Short entry till $42400.
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades