Orderblock
USOIL Reaction off a ICT Daily OBHello Traders!
We can see on the HTF that price has reached down into a ICT Bullish Order Block.
Here I take the highest point of the block and the mean way point of the candle.
I then look at institutional levels between those two price points to seek an entry.
Look like price is creating a swing low formation near the OB which I typically see when price nears these areas
of price action.
Short idea on EURUSD Euro Dollar has been in a downtrend, so this short would be pro trend, breaks of market structure on H4 and refined order block from H4 all the way down to M15. Additionally, the OB is on the discounted price of the 79% Fib retracement. Looking for a short once the M15 OB is mitigated
$EURUSD - Breaking Sell Side Liquidity to long 2020 Bullish OB ***Smart Money Theory - Nothing that I have learned in retail trading has brought m profits, So I use Smart Money Technique or Institutional Trading. Currently, with EUR/USD it Appears that the Price Action is slowly making its way back toward levels from 2020. It has hit an Order Block on a daily time frame (Wick) and I believe it will drop below the Asian range (Around 1,14385) to take out the sell-side liquidity, Possibly even spike down to the hit the body of the Daily bullish Order Block (around 1.14280) before turning around and making a reversal. I see the bullish bias Already because it has broken the market structure at 1,14560 taking out short-term highs. Once The New York Session may give it the charging it needs to break up and over the equal highs near 1.14775 and possibly to the end of the 4th varition of the Asian range which also fits near the Median of the old 2020 daily fair value gap. See chart for historical references.
I would be s little more careful on the stop loss with 30 pips and not 15 pips but have multiple take-profit zones along the way. The last without leaving 5 % on after going long near (now) 1.14360, highest aim would be 1,4885. Taking profit along the way at 1.14565, 1.1.4680, 1.14770 and lastly 1.14900
CADCHF 30M - LONGPrices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
XAUUSD H4 - LONGPrices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
BITCOIN AT A FACTUAL TREND SUPPORT LEVEL Bitcoin finds temporary support at the R/S trendline on the weekly/daily timeframes. Bitcoin is likely to find its permanent support at the trendline as its a major level. However, we might get a wick down to the weekly low but price needs to be above the weekly low for overall bullish trend.
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