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Orderblock

AUDUSD | Market outlookAUD has shown moderate gains against USD during the Asian session, correcting after a series of declines and trying to move away from local lows since August 24. The instrument is slightly supported by the minutes of the meeting of the Reserve Bank of Australia (RBA) published yesterday, which strengthened the market's belief that the Australian regulator will not rush to tighten monetary policy in the near future. In particular, the RBA plans to raise the rate no earlier than 2024, and the current volumes of the quantitative easing program are expected to be revised only in mid-2022. In turn, the weak macroeconomic statistics from the PRC, which more and more clearly indicate a high rate of slowdown in the Chinese economy, exerts a noticeable pressure on the instrument. Traders are also discussing the possible bankruptcy of one of the largest Chinese developers, Evergrande Group, which could lead to new shocks on the stock markets.
Long
by DynamicCapital-FX
1
US30 BUYOn the horizontal line I have placed on the chart is a order block I’m looking for price to maybe go up a little bit more if it’s going to but I’m looking for price to come down and retest the top of that bearish candle before the big buy pressure engulfing the bearish candle. So we’re looking for price to retest the top of that candle and continue up and take the liquidity above the equal highs right above my TP. Price could potentially keep going up and take out the other equal high liquidity above my TP as well!
OANDA:US30USDLong
by Dkayy
USD/CAD - Movement Lower?Currently very overextended to the upside. We are testing a strong Orderblock in Premium that lines up perfectly with the OTE of the Fib taken from the Higher High. There are several imbalance levels that should get filled in. We have an un-manipulated Trendline that has lots of retail money on it, therefore we should see price reach there to manipulate this level. There's also a W formation on the H1 timeframe that the market should trace towards - the neckline (where it says "First Target". Should we reach through this level I'm expecting price to reach down into the Bullish Discount Orderblock that we should see a reaction happen within. As much as I don't like indicators, I use the RSI occasionally to find divergence / overbought / Oversold levels. Inside this bearish orderblock we are currently testing, we are very overbought, meaning that we should see price make a move down.
Short
by Bastianelton
2
Order Blocks Order Blocks : Candles opposite of trend direction right before the trend Ex GF : 2 huge candle same size with opposite color starts and ends at same place with huge opposite volume ( u can track volume on footprint charts ) why price react to these areas ? market is 2 way street , big boys love to enter the market when lots of ppl either have to exit or make wrong prediction .. for example when everyone think price will go down .. institutions will provide liquidity to them and buy their shorts . price will go down few pip but main direction is still direction of big boys ( Central banks, institutions and hedge funds ) meanwhile there are some small hedge funds and institutions who also think price will go up .. big boys have to provide for them too so that price can move to desired location faster ! that means big boys will be in loss when they provided liquidity for buyers , so now they either have to close in loss or break even .. when is best time for that ? when is best time to close orders with profit ( buy scenario ) ? after taking prev high and grabbing liq from stop losses or buy stops , there is always liquidity above or below recent price structures sometimes this liquidity moves a little but u can track it with help of advanced ATR indicators when is best time to close books in break even ? after reaching prev order block . like i said they were providing liq to sellers and buyers at those order blocks .. means they have to close those orders that were opposite direction . why they provided liq for winners ?? price must clear all the orders at one price levels in order to move to another price level also its so easy to track strength of buyers and sellers with help of Gann look how most important block orders created near the Gann lines . its all mathematically driven ! its all Algorithm !
by apix7