What is an Order Block? 🎯Why are order blocks formed?
Order blocks are created when a breakout move doesn't go to plan.
If banks get caught in a fake breakout move, they aren't going to sit and cry about it.
They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market.
Stop using order blocks that have no logic, widen your chart perspective.
Ictorderblock
USDZAR stale mate we have a chart of the South African rand against the dollar. I strongly believe that the rand will lose value. it has not traded below 15. for a long period of time and it is believed if the rand is above 14,50, the economy of south Africa is performing very badly. this is just my take, this is no signal this is just chart analysis only. for more information be sure to ask and comment below
USDJPYGood Morning Traders. USDJPY is still in a bullish momentum. It broke out the 115.678 Higher High that i marked up. I want to see a pullback around that area again (OB= Order block, Golden Zone) and continue a bullish trend. I can possibly see it eventually passing through the Weekly higher high which is 116.352 but for now will just be looking for "Safe TPS". Have a bless trading week!
Short Term Bearish Movement JUST FOR TRADER:
The Price Reacted The Weekly Order Block And Break Market Structure In End Of January But In Term Of Technical Analysis, We have A Very Significant Range Above The Price, Which Has Been Operating As A Character Change ( CHOCH ) Area Since Exactly Last Year. For This Reason, We Expect A Reaction And The Formation Of Short Setup Opportunities In This Area In The Short term.
Long Low Time FrameWe Have Tow Plan For CABLE.
The First Due To The Bearish Trend in Daily Time Frame And Made Higher Low In January and Reacted That, Probably Price Move Up Again To Test 1.3700 And 1.3750 Again.
The Second Plan For Short Term Analysis Price Clearly In Up Trend And Now In Correction Phase,
I Am Waiting For React The Price to H4 Zone An Long That To 1.3700 Level.
ICT ORDER BLOCKmaybe maybe not. lets see. price might take out those lows though. but trust me you will win with me