EURCAD is setting up for a solid short at around critical level 1.46000, look to short between 1.45900 and 1.46000. Price broke equal highs, marked in pink, to set up our block on the 4 hour with a strong bearish move breaking trend. We are looking at a retest to our entry point before seeing a great move downward. Entry is also within key fib level 61.8 and 71.
EURAUD 12 hour block. Looking for third touch on the trendline. Block identified on 12 hour with bearish engulfing candle breaking lows. Equal highs identified where price is nearing to pass. I also identified a previous block, which adds strength in my opinion and a strong SL to protect the trade. Price may come down to bullish block or further down before heading up.
1 hour sell block, SL should be placed a little higher, price could come up before dropping. Overall I see EURNZD as a solid short if those highs are taken out.
- NZD is weak, EUR is showing strength. - Double bottom on 4 hour currently - Price is making lower highs - Block is on a critical level 1.75000 - SL is contained above the equal highs - I am in a buy to this level and then will sell upon rejection.
6 hour block. Cleared low liquidity, on 61.8 fib level. This post is minutes before AUD employment rate release. Expecting this area to be re-tested and move higher.
1 hour order block. Price broke down, created a large gap to fill. Bearish candle broke equal lows at around 30.00 with bullish candle breaking up. Looking for a strong rejection off the block zone. Also, RSI divergence on 1 hour.
The first block highlighted was a daily block which brought price to a sell block which price is now retesting back to our trend block on the 8 hour. See parameters to take trade if you'd like. SL placed below the lows.
CUrrently in a buy or a buy limit can be placed. Price hit a significant support, block previously defined. TPs are at critical levels to next block.
12 hour buy limit block on GBPCAD. I see it coming to 1.66500 area, 1.66000 defines a significant daily support and resistance. Then price will head up to around 1.71800.
NZDCAD Daily block activated - .83050
I think Altseason might happen soon tbh
Order block on the 1W time frame. I bought into this without a SL so my position size is relatively small in case of massive drawdown. TP for a 1:3 RR is around 12500.
Looking for price to reverse, Looking to enter on a bearish rejection candle. GBP is in an uptrend, but there is is stronger upside to AUD which would weaken this pair.
GBPAUD is now in an uptrend. The pair has broken trend showing divergence on the RSI. A block on the daily showed price breaking previous highs and now we are waiting for a buy on the block to move back up to it's previous high at around 1.83350.
Waiting for price to retest this area as a new support before hitting previous highs. Risk reward is 1:3.
GBPUSD Order Block - August 22, 2019 Order block on the 4 hour. Bullish engulfing took out previous lows, Broke up to break resistance. Price took out previous liquidity. Looking for price to retrace back to block and move up.