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Orderblock

CADJPY Long Entry IdeaPer myfxbook, retail is 68% short on CADJPY, making me short to mid term bullish. There are also more short term inefficiencies in CADJPY to the long side than the short side. Price has formed support right above the 50% mark of a 1D bullish imbalance, making me even more bullish. Looking for entry at the 50% mark of the 1D, and an ultimate TP at a major 1h imbalance. Plenty of places to trim along the way. Notice how the orderblocks and imbalances I marked up either start at, or have 50% levels around whole 25 pip values (quarters theory)
Long
by NotFrank247
6
USDCAD Is Heading Lower In Wave (v) of CUSDCAD decline from wave B high is taking the shape of Elliott Wave five-wave impulse pattern. The corrective sequence within the impulsive decline follows the EW alternation guideline. Wave (ii) was a sharp correction that retraced 61.8% of wave (i) and wave (iv) is a complex correction and has retraced 38.2% of wave (iii). Price is expected to head lower in wave (v) to complete the five-wave sequence in wave C. Other Confluences: - Price is retesting daily bearish order block (supply zone) - Price is rejecting daily 50 EMA as dynamic support (not shown on chart) - Doji at the supply zone What's your view on USDCAD? Let me know in the comment. Thanks.
Short
by Veejahbee
Simplifying Order FlowThis chart analysis shows you the power of order flow using two main things: OB - Order Blocks BOS - Break of Structure If you can determine a trend utilising impulse and correction, you can almost always ride the wave by scaling in positions using this method. First, determine your trend and then wait for a break of structure of a low/high. In this example, we are in a bearish market so we are anticipating a break of a low before we can draw up our order block. Once we get a break we can mark the OB that created the break and then wait for demand at a later date for sells. IF the price gets too far away from the OB and looks like it isn't going to return to that point, we can move on to the next BOS and OB. Note: This does not always mean that price won't return but we can still capitalise on the short term moves. I have left an example of what could potentially happen next, although I am doubtful because the trend looks like it is coming to an end. Please take a moment to like and comment on this post!
Education
by AlkalineFX
57
Framing high probability setups using orderblocksEveryone is trading orderblocks these days.. so how do you use orderblocks to frame a high probability setup for yourself? In this video I will show you exactly what criteria I look for when framing a high probability setup. When I want to trade right off of an orderblock, there are a few things that I look for. 1. A Swing high or low 2. Imbalance above or below the swing point 3. An orderblock just past the imbalance These 3 confluences together increase the profitability and probability of my trades and will help you increase your profitability as well. Best of luck! Dilpreet
Education
by justlivingmylife
4