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Forexmadman
Nov 21, 2022 5:26 PM

OB ( Bank Sell Order ) Long

British Pound/Japanese YenFXCM

Description

The Order Bloc (OB) is the 2 candles side by side, The bullish and then the bearish side by side, almost same body , sends price down, for an OB to be valid, it needs to be tested , that means price is pushed to the OB area and redirected bearish by the OB . Since price on the 1D TF just filled an imbalance and since turned on the bullish , if you check the daily TF candles, we can see since price began to go bullish there’s not been a bearish candle. More of saying there’s still more ups to be covered
Comments
JoeChampion
Makes sense, thank you!
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