Orderblocks
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.
Gold 1DGold has recently touched an imp 1680 level.All the downside liquidity hunted.Considering its bearish trend , it is retracing back to trendline.
I have marked Fair value Gap + Bearish order block which coincide with trendline thus making it High probability Bullish move upto 1800.Furthermore Dollar Index sliding lower increases probability of my setup.
TP level - 1800
CADJPY Trade Idea
Monthly Timeframe:
Price has been in a long-term Bullish Uptrend. "The trend is your friend" (with the correct narrative).
We are moving towards equal highs (Liquidity), which I expect price to reach to. "To them and through them" ;) Looking at the current Monthly candlestick, we are likely to take out the Previous Month's High as well...
Weekly Timeframe:
We just formed a Swing Low (3 Bar swing). This indicates that we can anticipate the next Weekly Candle to be BULLISH, giving us a Bullish view for the upcoming week.
Also notice that the swing low was formed on a Daily Bullish OB, confirming that area to be valid - and that OB should then be pushing us higher from where price is currently at.
Price just broke a Swing High to the upside (MS / Market Shift). The Swing High is a Bearish pattern that FAILED. This tells us that Buyers are in control. A Bullish Market Shift gives us Short-Term Bullish Bias.
(Also notice how price was creating Doji candles, however, they all closed Bullish and failed to close Bearish - giving us yet another clue that price TRIED to go lower but couldn't because the Orderflow is too strong to the upside).
Daily Timeframe:
We can see that Bearish (Premium) PD Arrays are failing, and Bullish (Discount) PD Arrays are being respected. This tells us that the Orderflow is BULLISH...
Looking on the left, price impulsively broke through the previous high creating a bullish Break in Market Structure (BMS). As it did that, we can expect the High of the Impulse to be reached, as price should remain Above the Protected Low.
Looking at current price, we just broke above a Bearish Candle. This Bearish should act as an Orderblock and we should see price remain above it and be respected. We also have a Bullish Breaker supporting it from the left.
H4 Timeframe:
I'm currently interested in seeing Longs from this Orderblock, as my overall bias for the week is Bullish. The Orderblock is nice because it grabbed liquidity before immediately running higher creating the FVG above it, as well as it's lining up with the bias and order flow.
I'm expecting price to sweep this level at least 30 pips (take Liquidity of the resting Retail-Orders).
The BPR (Balanced Price Range) is NOT a Fair Value Gap as the area has been balanced, which should Not cause any moves lower.
If this triggers between Monday-Wednesday it's most ideal, as these days tend to make the Low of the Week and have the highest volatility.
However, there are some criteria I need for this to be a valid trade though...
Firstly which day it triggers entry, what time of day it triggers entry, No News at entry, or if it goes up to BSL before coming back down then I won't take it.
I'll be monitoring price closely to decide if I'll take the trade or not... It's your job to do the same if you decide to take the trade, and ONLY take the trade if you agree with my analysis!
(And if it doesn't trigger my entry and rallies higher instead, I'll look for new entries with the SAME BIAS in mind. So should it not trigger, or if the setup fails, my Bias remains the same for new entries as I expect higher prices).
ORDER BLOCKS FOR BTC !!Its been 5 days since my last idea , and like I said that time BTC dump , but there is a point what happened when BTC touch the 21.5$ price !?
if you look at the chart you can see two order block that have nice volume , its can change the game for BTC in my opinion price don't react the 21.5$ price I think it react to the first and smaller order block if its happened and that order block have all condition the price must react that and back to the 21880$ if its happened plan A is : the first target is 21880$ and the second target is 22500$ and the last one is 23200$resistance. but if the price didn't react to the first OB what? !!!
for that time we go for the plan B and plan B is we must trade with the second order block that order block have very good condition and more stronger then last one in this case our first target is 21800$ and second one is 22500$ and the last one is resistance.
% of plans = A : 7.20% B : 9.40%
but don't forget check the DXY
C98 - Order Blocks C98 / USDT
To be clear, this is not a bullish structure. However if looking to enter a long, my strategy would be to enter in the lower green order block at support as we've tested it time and time again (no reason to enter in the mid-channel). Resistance block above in red that you could target for a long, otherwise boring chop in-between for now with less and less volatility.
Order blocks are a great way to identify areas of supply or demand, easily trapping retail traders in liquidity. Identify these more often and use them as areas for S/R and you may be able to gain an edge on other traders or more importantly, institutional players. Order blocks, simply put, are where larger players in the market are either entering or exiting positions. Large players being institutions, banks, or whales. They are frequently used in forex markets by banks and often times become trapping points for retail investors who may not understand what or where they are and get chewed up by the big chip players that have analysts and traders eating up liquidity or using retail as exit liquidity.
If you as a trader can better identify these blocks and levels, it will give you an edge against not only other traders, but against institutional participation.
V
nas bulls perspective(still running)hey guys, been two weeks now and nas has been trickling up slowly, we almost at first target which is the weekly orderblock. if it happens that we break it we should definitely reach for higher prices. however if we see market structure shift to the downside when we reach the orderblock then we look to take nas further down. so its still looking good though, ill update you guys once we reach the weekly orderblock, which should be by the end of this week.
USDCAD: Weak Order Block ⁉️After successfully predicting the collapse to complete compression, we are now faced with a weak order block again.
The rejection is poor and the lack of volume is likely attracting many buyers to trap.
I would like to see a lure, followed by a total collapse to wipe the order block zone.
I will keep you updated.