1. On a weekly timeframe we see bullish break of structure - BoS, so now we can look for long position; 2. Price has made lower low by toutching bullish order block, but this lows are equal so I see it as a liquidity zone - LQD; 3. With high probability price will take liquidity and by reaching 50% of order block wick we can look for buys but of course with...
1. The price hasn't updated the new height but broke the trend in a downward movement BoS (now we are in a downtrend); 2. We are waiting for a pull back to start selling till next order block; 3. the potential short entry is 50% of the wick of the previous upper candle; 4. TP bullish order block; 5. I see high propabilty of continuation of down trend because...
From the monthly chart, you can see that the Australian dollar to the New Zealand dollar currency pair has been in consolidation for almost 8 years, but already in April 2022 the trend line was broken and in July the price rolled over the key level - 1.10500. These two factors make us think about buying this instrument. As I said we see that AUDNZD has broken the...
I'm of the opinion that the ruble will still go up and may even update the previous height. But before this happens, I expect the price to decrease to 30-35 rubles (potential level of reversal to an uptrend). I see two options for the ruble reversal at the peak 1. Either by reaching 50% of the candle shadow; (most likely) 2. or by updating the...
We are on an uptrend. We have almost reached 200% of the Fibonacci Extension level (the level of a potential reversal). At this level we can see the order block Most likely, the price will reach 50% of the wick of the order block and go up.
By building the Fibonacci OTE (optimal trade entry), I've noticed that the 4H order block is perfectly located in the range of 70.5-79% of OTE. After that, I built two Fibonacci extensions, which confirmed that the marked order block could be the key to entering a short position. But I would wait for confirmation on lower timeframe, like 15m break of structure to...