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Orderblocks

GOLD (XAU/USD) Order Block SetupHi Traders, Today, I am looking at Gold (XAU/USD) We are in the 4-hour time frame. Notice how the rice seems to finally be pushing upwards. We hit the current bottom at 1681 and have since been moving upwards. I have used an ascending trend line to join the current price action as we can see that the price is currently trending higher. Having a look to the left, I have placed some arrows pointing downwards showing previous resistance. Notice how the price has bounced off of this red zone numerous times. We have now hit that red zone again. Are we going to bounce off of it one more time before finally breaking through and using the trend line as confluence as well as the fact that price is taking out former levels or resistance? This is why I have put a circle around the arrow and colored it yellow. I have highlighted two possible order block zones in blue. I would be waiting for the price to retrace back into these blue order block zones before opening up a long position targeting around the 1771 price level. If we can catch this move upwards then I believe we could have a nice risk-to-reward setup here. The problem is the resistance above. Resistance always works against us when looking for long setups. So if you do wish to trade these order block zones then make sure you have a realistic stop in place as market makers and institutions can see how we retail traders like to trade. The stop hunts can be quite violent in these areas close to strong support and resistance. I suggest practicing your risk management even more stringently with these types of setups only because it is so close to previous strong resistance on the 4-hour time frame. The way I trade these order blocks involves highlighting the most previous bearish candle before a break out of bullish price action which takes out previous resistance. We have this currently just below the main resistance above. So, should we see a small retrace into the order block zone, I will open up a small long position to try and catch the momentum of price breaking through the strong resistance above. If the price does not respect the first order block zone, I have a second order block below which does break the trend line but since I do not only use trendlines as confluence, I see no reason why the price wouldn’t respect the second order block. Remember, nothing is set in stone. If these positions do not play out, then this is all part of the process. We simply move on and look for other setups. Do not be impatient. The market gives to those who practice patience. Don’t rush the trades. Have a great Thursday! See you all on the next one. The Vortex Trader.
OANDA:XAUUSDLong
by TheVortexTrader
AUDCAD SHORTS COOKING UPHello friends, its a beautiful Tuesday morning and AUDCAD is cooking up something nice for us.. First the daily timeframe, Order flow is bearish, price has retraced into a Daily reversal zone marked with the red and blue fib. Price has taken liquidity at swing highs on the H4 and within the daily reversal zone price has printed a Weak hands pattern (1hr) increasing the probability of price dropping.. Isn't that what we all want as traders? to put probability on our side... So I have refined the Hourly Orderblock to the 15 minute and I will be looking for confirmations using the DM_FX entry model within that 15 min OB on the 1 min TF if price retraces into it... Our target is the Last Daily Low.
Short
by DM_FX_
CADJPY Trade Idea Monthly Timeframe: Price has been in a long-term Bullish Uptrend. "The trend is your friend" (with the correct narrative). We are moving towards equal highs (Liquidity), which I expect price to reach to. "To them and through them" ;) Looking at the current Monthly candlestick, we are likely to take out the Previous Month's High as well... Weekly Timeframe: We just formed a Swing Low (3 Bar swing). This indicates that we can anticipate the next Weekly Candle to be BULLISH, giving us a Bullish view for the upcoming week. Also notice that the swing low was formed on a Daily Bullish OB, confirming that area to be valid - and that OB should then be pushing us higher from where price is currently at. Price just broke a Swing High to the upside (MS / Market Shift). The Swing High is a Bearish pattern that FAILED. This tells us that Buyers are in control. A Bullish Market Shift gives us Short-Term Bullish Bias. (Also notice how price was creating Doji candles, however, they all closed Bullish and failed to close Bearish - giving us yet another clue that price TRIED to go lower but couldn't because the Orderflow is too strong to the upside). Daily Timeframe: We can see that Bearish (Premium) PD Arrays are failing, and Bullish (Discount) PD Arrays are being respected. This tells us that the Orderflow is BULLISH... Looking on the left, price impulsively broke through the previous high creating a bullish Break in Market Structure (BMS). As it did that, we can expect the High of the Impulse to be reached, as price should remain Above the Protected Low. Looking at current price, we just broke above a Bearish Candle. This Bearish should act as an Orderblock and we should see price remain above it and be respected. We also have a Bullish Breaker supporting it from the left. H4 Timeframe: I'm currently interested in seeing Longs from this Orderblock, as my overall bias for the week is Bullish. The Orderblock is nice because it grabbed liquidity before immediately running higher creating the FVG above it, as well as it's lining up with the bias and order flow. I'm expecting price to sweep this level at least 30 pips (take Liquidity of the resting Retail-Orders). The BPR (Balanced Price Range) is NOT a Fair Value Gap as the area has been balanced, which should Not cause any moves lower. If this triggers between Monday-Wednesday it's most ideal, as these days tend to make the Low of the Week and have the highest volatility. However, there are some criteria I need for this to be a valid trade though... Firstly which day it triggers entry, what time of day it triggers entry, No News at entry, or if it goes up to BSL before coming back down then I won't take it. I'll be monitoring price closely to decide if I'll take the trade or not... It's your job to do the same if you decide to take the trade, and ONLY take the trade if you agree with my analysis! (And if it doesn't trigger my entry and rallies higher instead, I'll look for new entries with the SAME BIAS in mind. So should it not trigger, or if the setup fails, my Bias remains the same for new entries as I expect higher prices).
Long
by Bastianelton
ORDER BLOCKS FOR BTC !!Its been 5 days since my last idea , and like I said that time BTC dump , but there is a point what happened when BTC touch the 21.5$ price !? if you look at the chart you can see two order block that have nice volume , its can change the game for BTC in my opinion price don't react the 21.5$ price I think it react to the first and smaller order block if its happened and that order block have all condition the price must react that and back to the 21880$ if its happened plan A is : the first target is 21880$ and the second target is 22500$ and the last one is 23200$resistance. but if the price didn't react to the first OB what? !!! for that time we go for the plan B and plan B is we must trade with the second order block that order block have very good condition and more stronger then last one in this case our first target is 21800$ and second one is 22500$ and the last one is resistance. % of plans = A : 7.20% B : 9.40% but don't forget check the DXY
INDEX:BTCUSDLong
by theycallmekiyan
C98 - Order Blocks C98 / USDT To be clear, this is not a bullish structure. However if looking to enter a long, my strategy would be to enter in the lower green order block at support as we've tested it time and time again (no reason to enter in the mid-channel). Resistance block above in red that you could target for a long, otherwise boring chop in-between for now with less and less volatility. Order blocks are a great way to identify areas of supply or demand, easily trapping retail traders in liquidity. Identify these more often and use them as areas for S/R and you may be able to gain an edge on other traders or more importantly, institutional players. Order blocks, simply put, are where larger players in the market are either entering or exiting positions. Large players being institutions, banks, or whales. They are frequently used in forex markets by banks and often times become trapping points for retail investors who may not understand what or where they are and get chewed up by the big chip players that have analysts and traders eating up liquidity or using retail as exit liquidity. If you as a trader can better identify these blocks and levels, it will give you an edge against not only other traders, but against institutional participation. V
by cryptovatsik