Orderblock
CADCHF Long - FlashcardCADCHF Long
Direction: - Started a Bullish Cycle from 3 days ago when PFL (Peak Formation Low) formed.
- H1 & H4 MBL (Market Base Line) on TDI leaning upwards, from below the 50.
- H1 OB (Order Block) was being respected.
Entry: - Low was held for multiple hours at the H1 OB (Order Block), which is a resistance point. Candles never closed below that low (resistance point), and in fact some candles pinned that low. This price action indicated that the pair was going to rise.
- The candle that formed the low of the day was where the RSI crossed back into the volatility bands, indicating a probable rise in the pair. In addition, the RSI was at the 32, showing that the pair was oversold.
- The MBL (Market Base Line) started to point upwards, indicating a rise in the pair.
Exit: - 11 pip SL @ 7 pips below low.
- 16 pip TP 1 @ just below 200 EMA (resistance point)
- 24 pip TP 2 @ just below 800 EMA (resistance point)
Bitcoin Still Bullish Despite the Bart? 📊 | BITCOIN ($BTC)📈📉Bitcoin saw some exciting price action in the past 24 hours, but the volatility did very little to change the bullish trajectory. In theory, the money printing, uprisings, and tech bull market should be a perfect storm for crypto (and Bitcoin especially). With a bullish chart and a bullish backstory, our outlook on BTC is bullish. Let's look at some levels for the bulls to buy.
Assuming we don't just get bullish confutation from here and instead see consolidation first, the S1 S/R flip and orderblock cluster is our first support range, but it is the S2 S/R flip and orderblock cluster range that we are looking to find support and see potential accumulation.
To the upside, we have R1 at the previous high which should act as minor resistance on the way back up, and then we have the R2 S/R flip and orderblock cluster and the R3 orderblock cluster which should see reactions as well.
The overall plan for the bulls is simple, re-accumulate / accumulate at S2 and ride the bullish correction back up to the next previous swing high that need to be retested at R3.
Resources: www.coindesk.com + www.coindesk.com
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USDJPY OverviewJust similar to the EURJPY posted earlier, USDJPY also got two bearish harmonic patterns (shark and crab) pointing at same entry zone. This is as well aligning with an Order block as well as a base from the supply zone at around 108.5 mark, here, we'd be looking for short entries.
AUDUSD "CAP ZONE" SHORTOver a months long consolidation stuck in the 0.63750 - 0.65670 zone, we noticed a clean break up to the 0.66787-0.66389 sell block zone. Following "The Box Strategy" we should witness a push & pull through our "cap zone" 0.66214-0.66023 and our profit wave reaching 0.62577 (380pips)
EURAUD OverviewPrice currently in a downtrend on the lower tf and approaching an OB, alongside a shark pattern was spotted which perfectly congruent with the institutional candle just right below liquidity pool created. going to the 30 mins tf, a deep crab was also stotted which also aligns perfectly with the PRZ. check comment below for the lower tf analysis.
Practicing and testing how order blocks workPracticing and testing how order blocks work. Order blocks are a different way of looking at support/resistance and supply/demand.
Orderblock LearningLearning how to use Order Blocks , quite possibly an orderblock, hoping to reach previous high, if not will take partial T/P with a trailing. Will reenter when order block is retested on next move.
EURUSD - Long Wait for a sweep of the lows to take out stops before a run on previous days ATH
Order set 3 pips above the order block on the 15m
9 pip risk v 118 reward
EURUSD Buy Limit OB - May 4, 2020Order block on EURUSD for Buy
Retest of previous resistance
USD fundamentals appear bearish which may drive this pair to the upside.
GBP USD Head and shouldersOn the daily we hit the daily supply of orders to short. This morning we saw an impulse and rejection wick.
The daily has formed a big rejection wick.
Looking to the downside
Swing trade target 1 = 1.22
Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall weak.
For this have a wider stop and will extend to 1.2520
Good luck and enjoy the swing on this one.
Thanks Lupa.
Nas shortToday expecting a short - we got stopped out with losses yesterday. Expecting the weekend to show some weakness.
Supply at 50% retracement
30min demand and 1 hour demand are the targets.
GBPCAD 4 hour Sell Limit OB - April 21, 2020Order block on the 4 hour
- I am waiting for support to be created, then will short on rejection of the 4 hour block
- The 4 hour block was created when equal highs were broken, identified by the arrow.
- A strong bearish candle broke trend.
Bitcoin Continue LongIn the original analysis I assumed we were going to get a deeper retrace on our B wave, but after this recent high was taken on Bitcoin, it's hinting that the B wave is at an end and we can finally continue up to our C wave. I'm long due to the high being taken out, and an H4 breaker will confirm at the red zone once it hits 4am. I am now long after taking a small loss on my short from the other day. Original post in the related idea link.
EURUSD ShortH4 Mitigation Block + Breaker After falling from Ascending wedge. Looking for a trend line bounce and fake breakout from triangle before trend line breaks.
Update, Market overview #USDJPYA quick update on usdjpy trade idea dropped earlier.
First target reached at breaker block at 108.4 mark. now its obvious the market is currently in an uptrend. expecting price to head further up now to take out liwuidity at the new EqHs created. triggering short entry at 110.
MARKET OVERVIEW #GBPUSDLooking at GU filling up imbalance below EqLs formed around 1.22 support zone, expecting more bearishness to go fill up imbalance at 1.2 QT and looking at about 1:60 Risk Reward ratio.
USOIL Market OverviewCrab harmonic pattern just spotted on Usoil, aligning with a d1 order block. Technically, expecting bullishness to TPs
AUDUSD 4 hour block - March 5, 2020AUDUSD 4 hour
- AUD 4 hour block right on a support/resistance level
- If it tests then look to short, if breaks and retests, then long
