Orderblocks
nas bulls perspective(still running)hey guys, been two weeks now and nas has been trickling up slowly, we almost at first target which is the weekly orderblock. if it happens that we break it we should definitely reach for higher prices. however if we see market structure shift to the downside when we reach the orderblock then we look to take nas further down. so its still looking good though, ill update you guys once we reach the weekly orderblock, which should be by the end of this week.
USDCAD: Weak Order Block ⁉️After successfully predicting the collapse to complete compression, we are now faced with a weak order block again.
The rejection is poor and the lack of volume is likely attracting many buyers to trap.
I would like to see a lure, followed by a total collapse to wipe the order block zone.
I will keep you updated.
EURUSD: Buying Lure ⚠️Are you being lured into buys? My gut is telling me that selling is not finished yet.
We created strong support at the key psychological level of 1.00000 and this was the initial buy trap that ended in a strong liquidity grab.
However, one liquidity grab is not enough nowadays and for this reason, I will be looking to continue selling with the trend from this lovely supply that is approaching.
If we show signs of rejection around this area, I will be taking a sell with the members to create a new low.
Cosmos 1H long idea12H Fibs drawn from low to high
Drill down to 1H timeframe and see a bullish orderblock confluent with Golden Pocket area, with further confluence via Fixed Range Volume Profile indicating significant volume at the price confluent with the orderblock.
Wait for retest then long to swing high. Stop loss just below.
This asset is very bullish at present so there is a risk my limit orders may not get filled.
1H BTC Short IdeaPotential bearish breaker area identified which resulted in a weekly level being pierced (swing failure pattern). Price then smashed through it down to a nearby order block. Wait for an underside retest of the breaker and short back down to the order block. The order block is confluent with the Fibonacci golden pocket level, lending slightly more weight to the trade.
Stop loss just above the breaker block.
Bearish Orderblock with SH Powerful setups 🔥Definition. Order blocks in forex refer to the collection of orders of big banks and institutions in forex trading. The big banks do not just open a buy/sell order, but they distribute a single order into a check of blocks to maximise the profit potential. These chunks of orders are called order blocks in trading
EURUSD - Expecting Bearish WeekLINKS RELATED TO THIS PAIR (OTHER TIMEFRAMES)
(Use these pictures as reference for the description below)
Monthly Perspective:
Weekly Perspective:
Daily Perspective:
H2 Perspective :
ANALYSIS:
Monthly:
(check the picture above)
Price is trading through a Bullish Candle whilst being in a strong downtrend. This proves that Sellers are in control as buyers don't have enough volume to sustain bullish prices. Therefore, this candle will likely hold as a structure if price closes below it in 17 days.
Also, previous Monthly candle's wick low is "Previous Month Low", meaning It's an excellent Liquidity level for price to run to this current month.
And these Equal Lows are amazing for price to run to.
So Liquidity-wise, we have a Previous Month Low + Equal Lows. Can't get any better than that :)
Weekly:
As you can see on the Weekly, we have a Strong Downtrend. We want to follow it. "The trend is your friend" lol.
All imbalances above have been rebalanced. We have no Buy-Side Liquidity at all.
Check the Weekly FVG that price has just tested. See the reaction. We completely filled it WITHOUT closing above the FVG. That tells us that the FVG is being respected, and usually, price moves away from it when this happens.
At the same time we have a 3-Bar Swing High. That's another great indication that the next weekly candle should be Bearish to take out the previous week's Low.
And if that happens - where will price be? At the equal Lows (which is the ultimate target for this analysis).
At the Equal Lows target, I'm expecting price to run to and through these levels to Liquidate the resting orders there.
Daily:
The horizontal on the left annotated with an "x", was a high. The high had liquidity. Price ran to and through that high taking liquidity (bearish indication), before running into the Bearish OB above.
Price tested and reacted beautifully from the Orderblock. This Orderblock should keep pushing price lower.
H2:
Beautiful Distribution happened in the reaction of the OB.
Also, we have a Market Maker Sell Model (marked up with the grey boxes) for another confluence for Shorts.
Additional confluence:
I'm Bullish on the USD (DXY). If the DXY goes up should EURUSD go down.
Summary:
As I expect the next Weekly candle to be Bearish, I will have a Bearish perspective for price this upcoming week. I will look for Shorts entries on Lower timeframes.
This is my view on EU. Do your own research before taking any trades.