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Orderblocks

$APE - BoS on 4HR -Long at Order Block *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remembers price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equasl Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. APE has been all over the place lately. However, with Smart Money theory, we canb digest where this coin is going next. On the 1 hour time fram it looks as if this is going south. Buit larger time frames Trump smaller ones. The 4 hr time fram has a break of Structure, meaning that the 4 hour candles close higher than the previous highs close. The Wicks do not matter, the closes are what matter. And with the 4 hour closing much higher, this is a bullish sign to the chart. Therefore according to Smart Money theory, we should see a bullish move at the order block which it has just entered. the order block is the last bearish candle prior to a bullish candle that closes above it. (P.S. I Found a great indicator for Smart Money Markings. Search for "Super Order Blocks / FVG / BOS TOOLS" in the "Indicators" section and that's the indicator, you'll see they've coded exactly how I normally make my charts. I copied the code and changed a few thingas in the codie to my liking and renamed it ICT TOOLS anmd left the original authors of the code in the name) So it has entered the order block and it can go as far as the bottom, however, it really shouldn't go past the median of the body of the 4 hour bearish candle, which is where the prange box is, in all honesty. If it does it could be more bearish. I do not believe this will be the case. So I'm Longing it here and aiming for the first high just prior the bearish order block. If you don't feel comfortable with the full take profit area, I have marked 3 price points in which you should be able to safely take a little profit at each one and move your stop loss up each time you hit one of these take profit points here is the chart the the take profit price points We'll just have to wait and see if I am correct on my assessment Cheers
Long
by BodiesXWix
SOL/USDT : Formed falling wedge with bearish triangle in LTF!KUCOIN:SOLUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $SOL has formed a falling wedge in 4Hours TF chart, Currently it's moving on the higher trendline. Also there's a formed bearish triangle with bottom flat. Based on the data we have there're two possible scenarios with positions triggers to look for : 📉 Bearish Scenario : Basically the main formed pattern ( Falling wedge ) is bullish, But so according to our current market's biases; I'm looking for possible Shorts... If we get the closings below Demand zone ( Current blue zone ), Then we can locate our Short and aim for the wedge's lower trendline. -On the continuation of bearish biases, If we get the closing below the falling wedge ( Current formed pattern ), Then we can located our 2nd Short towards lower Support zone at $78. 📈 Bullish Scenario : In other phase of market; There would be more consolidation and so, In terms of any reversal into bias, If we get the closings above our mentioned pattern ( bearish triangle ), Then we can located our Long and aim for the higher order-block at $110. -On the continuation, If we get the break-out above resistance zone, Then we can hold our Long till local S/R Line at $122.8! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
27
⁉️ How to identify orderblocks? ‼️ Order Blocks are candles where Market Makers (Banks) have placed their positions, generally, the market returns to those candles and they are never violated. There're 2 types of Order Blocks: 1. The Bullish Order Block is the last bearish candle before the bullish movement, that Break The Market Structure Higher. Represents a high possibility of holding the price, when the price returns to it. 2. The Bearish Order Block is the last bullish candle before the bearish movement, that Break The Market Structure Lower. Represents a high possibility of holding the price, when the price returns to it.
TVC:USOILEducation
by Snick3rSD
1
Is It Time To Buy EUR/USD? Yes Or No? Hi Traders, Happy Friday! Today we are looking at a possible 4-Hour Order Block entry on EUR/USD We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic EUR/USD is currently sitting on support that hasn’t been seen since 2016. Is this a good time to buy? I only enter positions that match my setup and this could be a possible play. Yes, it is a counter-trend which is not always advisable. This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup. Hope you all have a fantastic weekend. See you on the next one, The Vortex Trader
Long
by TheVortexTrader
1