USDCHF As price has mitigated our order block, the mitigating leg created a POI which is referred to as a primary impulse order block. Such POIs are to be used as breaker blocks when price reverses, and in our case price movement will likely hit a directional change and trend upwards. The breaker block will act as our future support and a new zone for liquidity.1.The primary impulse order block that will change will be a zone where we await creation of long entry signals ,price can give an FVG/order block on the following time frames(3/5/15/30/45 minutes)
2.the prior idea predicts a creation of a POI on a leg that will break structure of the trendline yet the High probable POI will be the breaker block insinuated because an order block that creates a new trend is less likely to be mitigated.
3.For entries we will long on the top of the Order block (0.89171) Then have sl at (0.88336) due to the POI that will break trendline structure{price might decide to mitigate the order block that will initiate the break of structure due to market unpredictable tendencies} to be on the safe side the we will use the price level beneath our mitigated order block, profits will be similar to the initial idea regarding the same currency
Fellow traders any entry point can be assumed by the market,please keep on visiting these ideas for better insight
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.