Snick3rSD

TRADABLE VS NON-TRADABLE ORDER BLOCKS ❌

Education
FX:EURGBP   Euro / British Pound
➡️ Not every OB qualifies to be tradable. Therefore, we want to consider some aspects regarding our Entry Types before engaging the market.

➡️ Tradable OBs, generally, have higher probability where we expect price to respect the block, in case they come back.

➡️ It’s essential to understand that an OB at any given timeframe is only tradable if it complies with the multiple timeframe analysis within your timeframe matrix together with the following rules;

CHARACTERISTICS OF TRADABLE ORDER BLOCKS
1. OB SHOULD BE AT/NEAR SUPPORT/RESISTANCE
2. OB SHOULD BE AT/NEAR FLIP ZONE (Good for reversal entries).
3. OB MUST BREAK THE MARKET STRUCTURE .
4. IMBALANCE AFTER CREATION OF OB MUST BE 2 TIMES THE OB + RISK REWARD MUST BE 3 TIMES THE OB.
5. THE OB MUST TAKE OUT AN OPPOSING OB.
6. BERISH OB MUST BE ABOVE SSR AND BULLISH OB MUST BE BELOW THE SSL.
7. BULLISH OB ABOVE EQH.
8. BEARISH OB BELOW EQL.

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