Orderblocks
Bitcoin AnalysisBitcoin analysis on a weekly time frame.
Bitcoin is between a supply and demand level.
Currently, Bitcoin has reacted positively to its demand range and I expect Bitcoin to grow to the range of 29,500 to 32,500 and react to this range and experience further decline!
My target for Bitcoin after hitting the 29,500 range is the $9,700-$12,000 range.
Analyzes are updated!
AUDCAD SHORTS COOKING UPHello friends, its a beautiful Tuesday morning and AUDCAD is cooking up something nice for us.. First the daily timeframe, Order flow is bearish, price has retraced into a Daily reversal zone marked with the red and blue fib. Price has taken liquidity at swing highs on the H4 and within the daily reversal zone price has printed a Weak hands pattern (1hr) increasing the probability of price dropping.. Isn't that what we all want as traders? to put probability on our side... So I have refined the Hourly Orderblock to the 15 minute and I will be looking for confirmations using the DM_FX entry model within that 15 min OB on the 1 min TF if price retraces into it... Our target is the Last Daily Low.
EURUSD: Buyers Are Drowning 🏊Buyers are taking a real beating, they keep buying but the dollar keeps pumping.
At some point the market will need to give them a sign of relief.
Since we have swept the liquidity below this zone and tapped into a mayor order block, we may begin to see slight relief here.
BUT
Don't think that a bullish candle means a reversal! This is what they will want you to believe.
I am expecting a buy lure followed by a strong sweep before price moves in the intended direction.
Something similar to what I have illustrated.
Of course, this is a long term play and will require lots and lots of patience and trade preparation.
GOLD (XAU/USD) Order Block SetupHi Traders,
Today, I am looking at Gold (XAU/USD)
We are in the 4-hour time frame.
Notice how the rice seems to finally be pushing upwards.
We hit the current bottom at 1681 and have since been moving upwards. I have used an ascending trend line to join the current price action as we can see that the price is currently trending higher.
Having a look to the left, I have placed some arrows pointing downwards showing previous resistance. Notice how the price has bounced off of this red zone numerous times. We have now hit that red zone again.
Are we going to bounce off of it one more time before finally breaking through and using the trend line as confluence as well as the fact that price is taking out former levels or resistance?
This is why I have put a circle around the arrow and colored it yellow.
I have highlighted two possible order block zones in blue.
I would be waiting for the price to retrace back into these blue order block zones before opening up a long position targeting around the 1771 price level. If we can catch this move upwards then I believe we could have a nice risk-to-reward setup here. The problem is the resistance above. Resistance always works against us when looking for long setups.
So if you do wish to trade these order block zones then make sure you have a realistic stop in place as market makers and institutions can see how we retail traders like to trade. The stop hunts can be quite violent in these areas close to strong support and resistance.
I suggest practicing your risk management even more stringently with these types of setups only because it is so close to previous strong resistance on the 4-hour time frame.
The way I trade these order blocks involves highlighting the most previous bearish candle before a break out of bullish price action which takes out previous resistance. We have this currently just below the main resistance above. So, should we see a small retrace into the order block zone, I will open up a small long position to try and catch the momentum of price breaking through the strong resistance above.
If the price does not respect the first order block zone, I have a second order block below which does break the trend line but since I do not only use trendlines as confluence, I see no reason why the price wouldn’t respect the second order block.
Remember, nothing is set in stone. If these positions do not play out, then this is all part of the process. We simply move on and look for other setups.
Do not be impatient. The market gives to those who practice patience.
Don’t rush the trades.
Have a great Thursday!
See you all on the next one.
The Vortex Trader.
" USOiL" Sell Trade ( With 300 Pips Target )Pair Name : USOIL
Time Frame : 15 Min
Analysis Type : Scalping Trade
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➡️ Main Support Level : 92.400
➡️ Main Resistance Level : 98.250
➡️ Time To Entry : After Break Out The Area And Test it
➡️ Target : 91.00 - 88.00 - 85.00