Orderblock
GBPUSD H1 - SHORTPrices tapped onto a H4 supply zone, but didn't show us the intention of moving lower just yet. Maybe you could've place a SELL entry after the pin bar rejection. However, our execution technique over here will be to wait for a clean breakdown, shifting structure before taking SELLS.
Order block with Elliott's wave !.With my order block in place in combination with price action and confluences with Elliots wave, i will be risking 10% of my account on this gorgeous analysis (Fundamentals made this analysis possible...if you was wondering !.)
If you like this idea, leave a like, share your thoughts in the comment section below and remember, different traders have different risk appetites !.
BAL ENTRIES AND 2X TRADEHey traders,
Just wanted quickly share my BAL chart that I have been looking at recently. BAL is one of the only cryptos that have already retraced back to its Jan open, making me comfortable to buy. As you can see this analysis is a larger timeframe analysis so there's more flexible of entries.
Please like and follow for more detailed Price Action breakdowns and updates on my charts, and happy trading to all.
Smart money concept testHere im practicing the sniper entry smart money/order block i learnt.
Found there was a fake out on the H4 since the D1 was bullish, then i took the order block on H4 which seems to have been retested at 32% fib, then reduced my tf to 15M to find a tiny orderblock and took that. Hopeful price comes back to its 50% fib and snipes.
I'm not good at it yet and this is my first trial, kindly like for encouragement.
AUDCAD enter short position for 60 pips/ (ORDER BLOCK/ WYCKOFF) This may go further south than 92.5 (TP). Use proper risk management of course. The daily ATR was a lil less than 40pips. I'm moving my initial stop of (SL 93.5) to a 10 pip trailing stop after I'm in the black by 30 pips (dependent on the volatility at that time)..
Cheers!! Hope it works out. The market can do a billion different things from one min to the next. Always exercise your own due diligence when investing real capital.
]Not Investment Advice.