Orderblock
GBPJPY 15M SUPPLYI'm interested in a lower time frame supply zone within a higher time frame supply zone that is also an Upthrust After Distribution. The previous supply zone might prevent price from reaching my zone of interest but that is okay. My target is the support line when imbalance had occurred on the Daily, giving me a possible 1:11 RR.
Missed gold opportunity. Good time for educating.This was an ideal occasion for order blocks. This one would have netted some good profit and limited risk. This isn't how I trade ordinarily. I don't often take trades off the 240 or higher just because I almost never see an order block within my risk parameters. I usually only use the higher time frames to chart the landscape, however, the idea of successfully trading this way is ultimately enticing enough for me to keep at it.
Good chance the BTC low is IN! @SmileyTradesHello Traders!
Happy Memorial Day to all you Americans out there!
If you didn't buy BTC in the highlighted area, there may not be another chance to buy BTC at this price again! We've got very solid confluence between 2 powerful trade setups, so I am feeling pretty confident about this one!
In order for me to remain this bullish, I do not want to see us revisit the Bullish Order Block (OB) as the "fresher" OB's are more reliable. We also have the All The Way Half Way Back (ATWHWB) from the COVID low up to ATH.
Do I think we will reach the Macro Target quickly? No, I think this will be a grind up that will suck loads of liquidity up from the Bears, but that's because I am a Bull!
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own psyche