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Orderblocks

EURUSD to the Ground, DXY to the Moon!I've called out stronger Dollar for months, and all targets have been reached. Go through my old posts to see previous markets being called out. And now, lets do it again... :) DXY ANALYSIS: Interest Rates: The FED just raised the Interest Rates from 1,750 % up to 2,500 %. That gives us a Long-Term view on how Banks and Institutions are positioned in the marketplace. The Interest Rates Market is the biggest and most important market, so that's why we follow it. It's like the father of all markets, whereas the forex market, stock market, futures market, crypto markets are its kids. Bonds & Yields: The Bond Market is inversely correlated with DXY. Bonds just rebalanced and fully filled its Monthly Premium FVG. The Monthly candle also closed below a Bullish candle, and that Bullish candle should act as an OB for price to remain below. If Bonds are poised to go Lower, Yields will increase. And price chases yield. I'm seeing the US30Y Yield reach up to 4,0 % and then potentially up to the equal highs at 4,852 %. So in short: I'm Bearish on the Bonds, and Bullish on the Yield - which both indicate that DXY will go higher. Commodities : Using the Gold Futures chart (GC1!), I'm expecting the Equal Lows to get taken out to at least around 1680. If Golds go DOWN, DXY will then go UP... (I didn't include the Bond Market/Yield, nor Golds in this chart as it took up too much space on the chart. Go to your own chart yourself and you'll see what I'm pointing at in these markets). DXY : On DXY chart, next target is a FVG where we might see some sensitivity, and should it get breached to the upside - the next target for DXY is the Equal Highs (they also have a LRLR signature, meaning itæs easy to go to and through them). 123.00 looks like a good area to sweep. I'd be content with that. ------- EURUSD: Obviously, EURUSD and DXY are inversely correlated. So when one goes up the other one goes down. So again, I have a strong bias for DXY to go UP, which means EURUSD should go DOWN... Nice Sellside Liquidity Pool at 0.83540. I wanna see it sweep and reach down into 0,8000. As of from today where price currently is, I have a 2100+ pip target for EURUSD. ... So travel to USA before it's too late when the Dollar is super expensive lol
TVC:DXYLong
by Bastianelton
1
EURUSD: No Man's Land 🔄From a swing trader perspective, price is currently in no man's land. ⚠️ I would advise not looking for long-term swing opportunities until the price has either: 1 ) Swept liquidity from the un-mitigated supply and last swing high. (Sell Opportunity) 2) Swept liquidity from the mayor monthly order block low. (Buy Opportunity) With the majority of the market sentiment buying, I assume price will just continue to drop to gather more and more likely, but whatever comes first I will take with my team. Until then we must sit on our hands and make the most of some intra-day scalps. Good luck trading this week guys! ✅
by AlkalineFX
14
Smart Money Manipulation 🥊Alkaline is back baby! 💣 As smart money concepts gain popularity, liquidity increases. I have taken a month away from trading to study the new forms of market manipulation and have been pleasantly surprised by what I have found. Here is my discovery: 1) The market is currently focusing on taking liquidity from breakeven positions over fixed stop losses. This is because emotional traders put their stops to BE quickly to avoid pain, especially during indecisive markets. 2) Order blocks are the perfect manipulation areas. If you take time out to backtest significant order blocks, you will notice price will tap and lure or simply sweep above/below the zone before going in the intended direction. 3) That tight stop loss you are using is doing more damage than good. Scale into your positions, trust me when I say this will reduce your emotions and give you a more relaxed trading style. 4) Use your brain, even if you are in denial. If the majority of traders lose money, and the majority of traders now use smart money concepts, do the maths. It feels good to be back after a long month of studying, I have lots of new things to teach and share. I will be taking on new students shortly, have a great weekend everyone 👋
Education
by AlkalineFX
24
EUR/USD Order Block SetupToday I am trading a possible Order block setup on EUR/USD in the 4-Hour time frame. Looking left, we can see that we had 4 wicks touching the previous support level. We then had a candle push through and close below that level. This setup is very similar to yesterday's post on AUD/USD. The same rules for the position have been met. I looked for the most recent bullish candle before the bearish impulse sending the price below this support level. I highlighted this candle from bottom wick to top wick and extended it right. This yellow zone is called the Order block zone. We can also abbreviate it and call it the OB zone. I am now waiting for the price to retrace back into this yellow OB zone before opening up my short position targeting the previous price structure around the 0.997 price position. EUR/USD is still bearish in my opinion. This means I am still looking for short entries. Depending on where we place our entry will impact our possible risk to reward. Some traders place their entry at the very bottom of the OB zone. Some traders use the very top point of the OB zone. I prefer to place my entry somewhere in the middle of the OB zone. My stop loss will be a couple of pips above that previous large wick. I use this area just so I can protect myself from any possible stop hunts. My risk to reward will be 1 / 2 Order blocks need copious amounts of backtesting. There are so many ways of trading them. Some traders will spot them in higher time frames and then use lower time frames to enter them. I am a swing trader and only have time to enter on the 4-hour chart. This is why I trade them as I do. Use volume to help confirm price movement and always remember to trade with the current trend. Trading against the trend is more tricky and can be hazardous to your trading account. Remember to be mindful whilst trading. See you on the next one. The Vortex Trader
Short
by TheVortexTrader
2
" Gold " Let's Take Buy Trade With Many Pips Good Morning Trader's ,, How Are You Today ? Let's Explain Together "Gold" Chart And Reasons To BUY From This Area ! !! We Sell Gold From 1785 And Get All Tp Done ,, Now We Look For Buy Trade !! 1- What Is The Trend For Gold ? Now ,, It's In Down Trend ,, IF we Break Out 1800 We Will Going To Up Trend To 2070 2- Why We Will BUY From This Area ? Support Area + Golden Zone + SMC Area + Gann Level 3- When We Close The Target As Stop Lose ? Close Down 1670 Daily Candle 4- Best Area To Lone ? 1700 - 1680 Any Questions Please Write me On Comments !
OANDA:XAUUSDLong
by Fx_Vanguard
Order block entry On GBP/USD On The 4-Hour ChartWe have an Order block on GBP/USD in the 4-Hour Chart. If we look at the daily chart, we can see the bears have been in full control for most of 2022. Today we have broken through a daily support setback in the middle of July. Fundamental news pushed the price further down at the end of last week. So, establishing our higher time frame bias as bearish, we now must look for opportunities to go short. I would not suggest looking for long setups as the entire market is currently very bearish. I have highlighted the order block zone in yellow. I have put a zone around the most recent bullish candle before we saw that impulsive break downwards. Notice the volume that accompanied that bearish break. That volume bar far exceeded any previous volume in its close vicinity. I would wait for the price to retrace back into the yellow order block zone around the 1.182 price level. Once the price retraces back into this zone, my short position will open as my targets will be the previous price structure and support around the 1.167 price level. I always aim for a minimum risk to reward of 1 to 2. However, if this entry gets triggered and the bears still push the price lower, we could potentially look at greater returns, riding the price lower still targeting weekly support zones around the 1.14 price level. However, that is a conversation for another time. We are still waiting for the price to retrace back into our zone. Order blocks can be very profitable when traded correctly. However, one must consider that since they are very popular, the banks and market makers know that we retail traders like to trade them and can use that knowledge to their advantage. So be very careful when trading them. Make sure you have a list of rules and criteria that you have written out for yourselves when it comes to entries, stop losses, and targets. Backtesting is extremely important. Mondays can be quite slow. However, let's see what happens throughout the London and New York session.
Short
by TheVortexTrader
1