first step is always ZOOM OUT. and find a higher timeframe orderblock
1. your first entry can be directly off the reversal of trend.
2. you also can wait til price reverses and wait for an entry within confluence and confirmation of continuation of trend.
TREND ALWAYS FOLLOWS DAILY AND 4HR ORDERBLOCK.
in this specific example the 2hr orderblock played as an area of reversal which was confirmed by the BREAK OF STRUCTURE.
3. once price breaks out there is no need to look for sells at all until the ORDERFLOW as shifted from Bullish to bearish.. you know where order flow is by following the money sitting in orderblocks.. the next Bearish orderblock is 3418 which is at a swing high on GOLD.
*** also note when GOLD climbs all time highs, as well as crypto pairs and also NAS100... many times BEARISH orderblocks are not actually respected as such and its safer to ONLY BUY unless you really have all of your checks marked.
1. your first entry can be directly off the reversal of trend.
2. you also can wait til price reverses and wait for an entry within confluence and confirmation of continuation of trend.
TREND ALWAYS FOLLOWS DAILY AND 4HR ORDERBLOCK.
in this specific example the 2hr orderblock played as an area of reversal which was confirmed by the BREAK OF STRUCTURE.
3. once price breaks out there is no need to look for sells at all until the ORDERFLOW as shifted from Bullish to bearish.. you know where order flow is by following the money sitting in orderblocks.. the next Bearish orderblock is 3418 which is at a swing high on GOLD.
*** also note when GOLD climbs all time highs, as well as crypto pairs and also NAS100... many times BEARISH orderblocks are not actually respected as such and its safer to ONLY BUY unless you really have all of your checks marked.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.