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Orderblocks

[Apple] Can you break the top of the wedge?#AAPL #NASDAQ #1D - Here’s Apple daily chart. Compared to other stocks within NASDAQ, the correction of Apple is not that much fearful, YET. - After breaking bottom of the black channel and blue trendline, it dropped about 14% more and at the same time formed a green falling wedge. - I would definitely be bullish in short-term if Apple breaks top of the wedge and for those looking for breakout entry, keep an eye on this falling wedge. - If it successfully breaks above, a well-designed trading setup can be secured targeting my first resistance area around $147~$149 which is the confluence zone of 0.382 retracement level and POC of previous HVP. - Another potential resistance that I am considering is at the retest area of the blue trendline located around $155~$157. - If the market becomes more bearish, in other word if Apple gets rejected by the top of the wedge once more and makes a LL, I am expecting decent price actions at $123~$125 and $117~$119. - These supports have been deducted by various technical elements drawn in the chart such as wedge bottom, trendlines, Log-trendline, previous VP areas(Orderblocks), Fibonacci projection levels, and retracement levels, etc.
NASDAQ:AAPL
by Tommy_Trader
Bitcoin (BTC/USD) Going Down – Enter At The Pull BackHi Traders, Looking at BITCOIN (BTC/USD) Today. We are in the 4-hour time frame. We have, unfortunately, for now, had that possible V bottom recovery invalidated. This is because we have broken below the most recent low, so now we are looking for further sell opportunities. I have highlighted my order block zone in yellow. I am waiting for the price to retrace back into the yellow zone and then once the price touches the 50 % point inside the zone, my sell order will trigger with targets being previous support. The previous support structure is the lowest low we have seen for Bitcoin this year. I'm a crypto bull long-term, but if an opportunity presents itself, I take it. Remember, no emotions, just strategy. Trade like a robot. Trade safe out there! The Vortex Trader
BITSTAMP:BTCUSDShort
by TheVortexTrader
GBP/USD Order Block Zone On The Daily Time FrameHi Traders, Looking at GBP/USD on the Daily today. Notice the descending trend line since the beginning of the year. We haven’t broken through this entire year and we have been making lower lows and lower highs all this time. This means that my overall bias on this pair is still bearish. I have marked up an Order block zone highlighted in blue. If we see a retrace up to that zone, I will consider going short only if my requirements with volume are met. This requirement is that the retracing volume cannot be larger than the bearish impulsive volume that sent the price down past previous support. If the retracement volume is larger then I will have to re-think and perhaps start looking for long setups. Trade safe out there! The Vortex Trader
Short
by TheVortexTrader
EUR/USD 1H FOMC TRADE ANALYSISHello traders, I will first preface this by saying trading FOMC is not recommended and this is simply a price action exercise. Moving on to the interesting stuff, this is what I see FOMC producing if we get a bullish leg first. Price will likely run up towards the low of the bearish mitigation block seen on the daily chart, this block contains an hourly bearish order block where institutions can add onto their already bearish positions. Volatility will most likely be extremely high with this FOMC announcement, therefore if price does go according to this analysis we could see targets for partials at 1.03578, 1.03341 and if price really gets away the monthly bullish fair value gap could fill all the way to 1.02500. Ofcourse, price could simply immediately fall from its current price at 2pm EST and never give a chance at entry for this trade idea or the stop loss for this trade could be hit, this is trading, anything can happen. P.S This post may feel rushed that's because it is, I wanted to get this published before the FOMC announcement. However, I will be sure to provide a more detailed analysis of my idea once I have more time. May the markets be with you.
Short
by CorpusFX