In our trading strategy, we focus on 4H identifying key supply order blocks created when the price moves downward. When the price retraces and revisits this supply order block, we will look for additional confirmation signals to enter a sell trade. This approach allows us to capitalize on potential reversals in the market while managing risk effectively.
Steps to Execute the Strategy:
Identify the Supply Order Block:
Monitor the price action for a significant decline that creates a clear supply order block. This area represents where selling interest has accumulated.
Wait for a Retracement:
Once the price moves away from the order block, we will wait for it to retrace back to this zone. A successful retest of the supply order block is crucial for our entry.
Confirm the Trade Signal:
As the price approaches the supply order block, we look for additional confirmation signals, such as bearish candlestick patterns, divergence, or other technical indicators. This confirmation is essential to ensure a higher probability of a successful trade.
Enter the Sell Trade:
Upon receiving confirmation, we will execute a sell order at the supply order block. Proper risk management strategies, including stop-loss placement, should be applied to protect our capital.
Steps to Execute the Strategy:
Identify the Supply Order Block:
Monitor the price action for a significant decline that creates a clear supply order block. This area represents where selling interest has accumulated.
Wait for a Retracement:
Once the price moves away from the order block, we will wait for it to retrace back to this zone. A successful retest of the supply order block is crucial for our entry.
Confirm the Trade Signal:
As the price approaches the supply order block, we look for additional confirmation signals, such as bearish candlestick patterns, divergence, or other technical indicators. This confirmation is essential to ensure a higher probability of a successful trade.
Enter the Sell Trade:
Upon receiving confirmation, we will execute a sell order at the supply order block. Proper risk management strategies, including stop-loss placement, should be applied to protect our capital.
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t.me/bullionbuzz
t.me/bullionbuzz
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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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.