Uptrend, you can buy any one! But unfortunately, I'm so tired of fighting now, so I'm sharing my trading experience!
The first content is: Order Block! It doesn't matter if it's coin or fx, as long as you can see the OB, you've won that order!!
1. What is Order Block?
Order blocks are another perspective of supply/demand zones. Based on order blocks, traders can improve their trading skills with the following two results:
- Find opportunities to enter effective reversal orders
- Find price zones that have a great influence on traders' psychology.
To put it simply, Order Block is an area to search for good entries for reversal trades (reversal entry) or continuation trades (continue entry), for example, picture 1 above.
- OB is the last bearish/bullish candle near Support/Resistance before the price moves strongly.
The concept is relatively simple, but it is extremely important. And the determination is also very easy to understand. Let's go into how to determine Order Block and how to trade with Order Block properly.
2. How to determine Order Block and trade with Order Block?
- There are 2 types of OB: Bullish OB (BuOB) and Bearish OB (BeOB)
- Bullish Order Block (BuOB) is a Bearish candlestick near the Support level, before the price moves up.
In an uptrend, we identify the BuOB line
- Bearish Order Block (BeOB) is a bullish candle near the Resistance level, before the price moves down.
In a downtrend, we can identify BeOB
2.1 Bullish Order Block
- Is the last bearish candle before the price increases sharply. OB's strong bullish candle is a Bullish Engulfing candle. Determine as shown above, Set Entry, Take Profit, Stop Loss as shown below.
The first content is: Order Block! It doesn't matter if it's coin or fx, as long as you can see the OB, you've won that order!!
1. What is Order Block?
Order blocks are another perspective of supply/demand zones. Based on order blocks, traders can improve their trading skills with the following two results:
- Find opportunities to enter effective reversal orders
- Find price zones that have a great influence on traders' psychology.
To put it simply, Order Block is an area to search for good entries for reversal trades (reversal entry) or continuation trades (continue entry), for example, picture 1 above.
- OB is the last bearish/bullish candle near Support/Resistance before the price moves strongly.
The concept is relatively simple, but it is extremely important. And the determination is also very easy to understand. Let's go into how to determine Order Block and how to trade with Order Block properly.
2. How to determine Order Block and trade with Order Block?
- There are 2 types of OB: Bullish OB (BuOB) and Bearish OB (BeOB)
- Bullish Order Block (BuOB) is a Bearish candlestick near the Support level, before the price moves up.
In an uptrend, we identify the BuOB line
- Bearish Order Block (BeOB) is a bullish candle near the Resistance level, before the price moves down.
In a downtrend, we can identify BeOB
2.1 Bullish Order Block
- Is the last bearish candle before the price increases sharply. OB's strong bullish candle is a Bullish Engulfing candle. Determine as shown above, Set Entry, Take Profit, Stop Loss as shown below.
