British Pound / U.S. DollarEducation
How To Choose High Probability OB
Hello traders
- In this example, we will explain how to choose a high probability OB for your entry. And what you need to pay attention to.
- If you want to choose a good OB, you must read every detail on the chart and take into account everything you see so that you can determine whether your OB is the high probability or not.
- One of the most important things we need to have with a high probability OB is the present momentum. When we see momentum, we know that the price has the potential to continue in the same direction.
- Here you can see 2 examples. In one example, we have high probability OB, and in the other, low probability OB.
- High probability example:
On the left, we see a high probability example. Momentum is present, and the price is making strong BOS. When the price impulsively breaks through the high, as in this case, we know that the price has a great potential to continue in that direction. In the end, we see a good closing of the candle, the price did not leave a big wick and filled the entire bullish candle. In this situation, we have a high probability OB.
- Low probability example:
On the right side, we see a low probability example. Momentum is not present, and the price makes BOS weak. When the price weakly breaks through the high with wick, we know that the price no longer has momentum and will most likely change direction. We see a low candle close and a large wick which tells us that the price has no momentum. In this situation, we have low probability OB.
If this example helped you better understand low probability and high probability OB, leave a like and follow us for more content like this.
- In this example, we will explain how to choose a high probability OB for your entry. And what you need to pay attention to.
- If you want to choose a good OB, you must read every detail on the chart and take into account everything you see so that you can determine whether your OB is the high probability or not.
- One of the most important things we need to have with a high probability OB is the present momentum. When we see momentum, we know that the price has the potential to continue in the same direction.
- Here you can see 2 examples. In one example, we have high probability OB, and in the other, low probability OB.
- High probability example:
On the left, we see a high probability example. Momentum is present, and the price is making strong BOS. When the price impulsively breaks through the high, as in this case, we know that the price has a great potential to continue in that direction. In the end, we see a good closing of the candle, the price did not leave a big wick and filled the entire bullish candle. In this situation, we have a high probability OB.
- Low probability example:
On the right side, we see a low probability example. Momentum is not present, and the price makes BOS weak. When the price weakly breaks through the high with wick, we know that the price no longer has momentum and will most likely change direction. We see a low candle close and a large wick which tells us that the price has no momentum. In this situation, we have low probability OB.
If this example helped you better understand low probability and high probability OB, leave a like and follow us for more content like this.
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