Orderblock
EURCAD 2 hour Block Review - February 24, 2020This trade has already been taken, not a setup
- EURCAD created an orderblock on the 2 hour timeframe.
- Block created after a break of a downtrend.
- Before the week ended I caught price breaking through and resting on this block, near the high of it
- Entry was on the block with TP at around 1.44500 which is where a previous 4 hour block was and where previous major support was found. I expect price to come to this area to create a new resistance or break through.
USDCHF 4 hour order block - January 13, 2020Order block on the 4 hour.
Looking for price to retest the break of trend.
Equal lows below for price to break. On the weekly there was an buy order block from last September that's been hit a few times, I am predicting that price will now break this block and continue it's move down.
GBPUSD 2 hour order block - January 8, 2020- Order block on the 2 hour has been highlighted.
- The large trend line is a daily trend line (blue) where we have a possible third touch on trend.
- Support is currently being created on this block.
- I expect price to take off once it nears the daily trend.
- TPs are at previous highs. Since we are looking on a larger trend line, Stop Loss is adjusted to be approx 30 pips below the orderblock.