Bullish orderblock, known also as Demand zone.
You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas?
Those areas act as levels of liquidity for bigger players (whales) that trap people and refill their orders.
"A bullish orderblock is a Down candle before a sharp move up that...
TRX with a gorgeous example of Force verus Mass.
Impulse was confirmed early by Pings at 1.236/.618
Momentum being lost was confirmed below the 6.236
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line...
Trading is complected, because Price is superimposed wave of price activities on different time frames.
When trends on short, medium and long term time frames move in the same direction, price trend is clear, as a whole.
On the other hand, when trends on different time frames against each other, range happens and price trend is hard to predict.
This happened...
How Order Flow and Liquidity Move the Market
Order flow is the key driver which causes market price to move, buyers and sellers enter the market at different price levels by either supplying liquidity (via Limit orders) or consuming liquidity (via Market orders). When the liquidity balance is tipped, being more buyers than sellers (or vice versa) at a particular...
This is a great example of how resistance often becomes support (and vice versa) with multiple tests of both. It is always worth extending trendlines beyond current price action. It is very common to see a break through support or resistance come back and retest the same trendline from the other side.
The overall Crypto market is moving sideways and this has gotten a lot of people excited about the possibility of trend changing and moving back UP. Of course, that's what we all want to see because somewhere within, we just want the winter of 2017 back. With retail sentiment so heavily Long (reflecting this desire to see prices rise again), plenty of room to run...
Impulse = strong continuous force for a limited amount of time.
When there is a return to Impulse, it is a critical zone to watch.
Rejection from, Penetration of, or Traversal through are clues.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves...
FX:GBPCHF
4 Hour
This image explains everything. 4 Hour breakout levels identified. Waited for a 4 hour candle to close below the blue line.
Entered on retest.
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Closed .07 @ +20 pips. And left .03 running with a 20 pip trailing stop from breakeven.
Also posted the progress of this trade on my Instagram stories. Check it out @ www.instagram.com
FX:EURAUD
1 HOUR
4 HOUR
Ok so here we are, back at it. I posted this trade on my instagram stories earlier today( www.instagram.com)
I closed .08 of my position when price moved +20 pips in my direction. Stop moved to breakeven and trailing stop set at +20pips. .
Now that the numbers are out the way. Here’s why I entered:
First off I overnight yesterday I...
XAUUSD
M on 1hr, 4hr.. key level of 1309-1310 being rejected...
GOLD correlates to both AUDUSD & USDCHF..
GOLD goes down (USDCHF goes up, AUDUSD also goes down)..
USDCHF key level of 1.00400 being rejected.. XAU & DXY CONF, W on 15m
AUDUSD price rejected key resistance level.. XAU & DXY CONF
Key support at price level of 1.335..
Depending on how this key level holds, a push up to the upper trendline before a sell-off where I will be looking to take a short trade.
If no bullish momentum towards the upside can be spotted, then a short trade towards lower trendline is a possibility along with other confluences.
Other confluences to keep an eye on: DXY, OIL.
EURUSD possible long towards top trendline and close to 1.14 psychological price region.
But this depends on the key price level of 1.13 which has previously been a key support/resistance level.
Scenario 1: on shorter time frames (15m, 1hr) bullish momentum to break through 1.13 resistance level. If this can be seen along with other confluences (DXY, W's) then...
