Get started

Orderblocks

EUR/USD Order Block SetupToday I am trading a possible Order block setup on EUR/USD in the 4-Hour time frame. Looking left, we can see that we had 4 wicks touching the previous support level. We then had a candle push through and close below that level. This setup is very similar to yesterday's post on AUD/USD. The same rules for the position have been met. I looked for the most recent bullish candle before the bearish impulse sending the price below this support level. I highlighted this candle from bottom wick to top wick and extended it right. This yellow zone is called the Order block zone. We can also abbreviate it and call it the OB zone. I am now waiting for the price to retrace back into this yellow OB zone before opening up my short position targeting the previous price structure around the 0.997 price position. EUR/USD is still bearish in my opinion. This means I am still looking for short entries. Depending on where we place our entry will impact our possible risk to reward. Some traders place their entry at the very bottom of the OB zone. Some traders use the very top point of the OB zone. I prefer to place my entry somewhere in the middle of the OB zone. My stop loss will be a couple of pips above that previous large wick. I use this area just so I can protect myself from any possible stop hunts. My risk to reward will be 1 / 2 Order blocks need copious amounts of backtesting. There are so many ways of trading them. Some traders will spot them in higher time frames and then use lower time frames to enter them. I am a swing trader and only have time to enter on the 4-hour chart. This is why I trade them as I do. Use volume to help confirm price movement and always remember to trade with the current trend. Trading against the trend is more tricky and can be hazardous to your trading account. Remember to be mindful whilst trading. See you on the next one. The Vortex Trader
Short
by TheVortexTrader
2
" Gold " Let's Take Buy Trade With Many Pips Good Morning Trader's ,, How Are You Today ? Let's Explain Together "Gold" Chart And Reasons To BUY From This Area ! !! We Sell Gold From 1785 And Get All Tp Done ,, Now We Look For Buy Trade !! 1- What Is The Trend For Gold ? Now ,, It's In Down Trend ,, IF we Break Out 1800 We Will Going To Up Trend To 2070 2- Why We Will BUY From This Area ? Support Area + Golden Zone + SMC Area + Gann Level 3- When We Close The Target As Stop Lose ? Close Down 1670 Daily Candle 4- Best Area To Lone ? 1700 - 1680 Any Questions Please Write me On Comments !
OANDA:XAUUSDLong
by Fx_Vanguard
Order block entry On GBP/USD On The 4-Hour ChartWe have an Order block on GBP/USD in the 4-Hour Chart. If we look at the daily chart, we can see the bears have been in full control for most of 2022. Today we have broken through a daily support setback in the middle of July. Fundamental news pushed the price further down at the end of last week. So, establishing our higher time frame bias as bearish, we now must look for opportunities to go short. I would not suggest looking for long setups as the entire market is currently very bearish. I have highlighted the order block zone in yellow. I have put a zone around the most recent bullish candle before we saw that impulsive break downwards. Notice the volume that accompanied that bearish break. That volume bar far exceeded any previous volume in its close vicinity. I would wait for the price to retrace back into the yellow order block zone around the 1.182 price level. Once the price retraces back into this zone, my short position will open as my targets will be the previous price structure and support around the 1.167 price level. I always aim for a minimum risk to reward of 1 to 2. However, if this entry gets triggered and the bears still push the price lower, we could potentially look at greater returns, riding the price lower still targeting weekly support zones around the 1.14 price level. However, that is a conversation for another time. We are still waiting for the price to retrace back into our zone. Order blocks can be very profitable when traded correctly. However, one must consider that since they are very popular, the banks and market makers know that we retail traders like to trade them and can use that knowledge to their advantage. So be very careful when trading them. Make sure you have a list of rules and criteria that you have written out for yourselves when it comes to entries, stop losses, and targets. Backtesting is extremely important. Mondays can be quite slow. However, let's see what happens throughout the London and New York session.
Short
by TheVortexTrader
1
BTC/USDT : Possible similaritiesBINANCE: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! $BTC has gets rejected from the range's high and the rejection has caused fractal similarities between the current structure and early August's range above. Based on the data we have, 5 points make the fractal valid and the current formation has shown 4 of them. So, There can be only one more fractal point to follow and it can initiates more buy triggers into the 4H Demand if $BTC sweep below the Swing Lows | Equal Lows. Also, If the current movement follows the inversed fractal, $BTC might have a double convergence into the 4H Demand and then takes off to retest the S/R line zone, and the bearish basement formed on $23400. Although, If $BTC manages to break below the 4H Demand, Then we can expect more bearish momentum to come... 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
by Helical_Trades
1
CRV/USDT : Possible rejection as it's approached the range's lowHello 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! $CRV has reached the higher range's low and has swept above the last high. Also, It has formed a swing high now and could be a good entry to locate our Shorts with a stop-loss above the higher highs... However, If we get caught on SL, Then it's more likely for $CRV to have one more bound into the range's high and sweep out the higher swing highs. In terms of that; I might look for $CRV's Short again! 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
Short
by Helical_Trades
4
USDJPY Sell Limits UpdateUJ created a bearish flag where most retail traders sold the "breakout" of the flag, which actually turned out to be a fake out to liquidate retail buyers from buying the bottom of the "trend line channel" aka "support line" and to liquidate sellers from selling the "fake breakout" of the bearish flag. Our price entry targets is still in play, as well as profit target levels. Never make a permanent trading decision based on your emotions, patience is key. WE get paid to wait for the best setups to trade.
by TRADER_AP_FX
EUR/USD Double Bottom OR Short Order Block EntryLooking at trading EUR/USD today. We have a potential double bottom formation on the 4-hour chart. Remember, we are currently at major major support levels. The fact that the euro is less than one to one with the dollar is incredibly unsettling. So, we know that we have a major fight currently happening between the bears and the bulls. I have highlighted the neckline in yellow and I would like to see strong volume show up to accompany a close above this zone. We can also see that we are currently sitting against a descending trend line and it is very possible that we could bounce off of this region, get rejected, and carry on lower. There is also an order block that we have currently pierced that could give us a target of 1 / 8 Risk to reward if we were shorting. So there's one awesome opportunity. However, if we were looking for a long setup, we have the full divergence across the MACD histogram as well as the MA lines which dd confluence to the setup. We just need that volume to show up. Once we see a close above the neckline zone, I would be waiting for a retrace back into the neckline zone, which would coincide nicely with flipping the trend line to support resistance. This would trigger a long entry with two targets up above. Target number one would be the 1.01 price level. Target number two would be the 1.02 price level. Remember, going long right now is trading counter-trend. We must be certain and need all the stars to align in our bag of rules and criteria. I also would not risk my usual amount on a counter-trend position. Let's keep an eye out and watch what happens. Hope you all have a great day
Long
by TheVortexTrader
BTC/USDT : Possible double bottom!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! $BTC has reached the local lows that formed a double bottom in July 2022 and caused the second rush above $24000. Now, There can be a mini fractal out our last double bottom and cause another rush based on correction of the local bearish basement we have before the drop! So, In this case, We need another rejection attempt below/near $20750 to form the Double bottom or QM pattern with a bullish convergence into RSI. If this happens, Then I'll set my trigger to locate my Long as $BTC gets closings above $21450. Stop-loos after trigger and the scenarios Invalidation, Both should be a Close below the Grey zone, Which has been announced as an S/R zone from early July! Anyway, If we get caught on Stop-loss/Invalidation, Then I'll be looking forward to locating my Short once $BTC gets below the lower bullish order-block at $19900 - 19600. 📝 We have made 12% on $BTC's short and 10% on $ETH's short. So taking Profits and waiting for new triggers won't leave us behind the market's trend 😉 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
Long
by Helical_Trades
4