Order Blocks and Flow Market Struture [PDF]

Zitiervorschau

GUIDE TO FOReX PRICE ACTION.

Forex Strategy Guide Book To Setting Up Profitable Trades.

By Manqoba Jiyane

Table OF Contents ➢Introduction to Order Blocks ➢Bullish Order Blocks ➢Bearish Order Blocks ➢Breakers ➢ Mitigation Blocks

INTRODUCTION TO ORDER BLOCKS (OB’s) What are Order Blocks?? How do they work?? How do you identify them?? These are the questions that I we will be answering in this document.

First of all, “What are Order Blocks?? Now what I’m about to tell you might be confusing at first especially if you have already adopted another form of trading. I say this because experience has shown that adopting this form of trading after being in the game for a while, takes time.

How do they work?? Now Order Blocks are levels used by institutions for buying and selling in the market.

How do you identify them?? These levels are represented by certain candles, which make it easy to trade them. That is, they give us specific entries and stoploss.

So, Order blocks are specific candles that create smart money buying and selling. These are up close and down close candles. There are four different types of order blocks that are most important, namely Bullish Order Block, Bearish Order block, Breaker, and Mitigation Block.

NB: The Bullish OB and Bearish OB are found at previous lows and highs respectively. And Mitigation OB and Breaker OB are located at the middle of a price movement.

BULLISH ORDER BLOCKS So, like I said, bullish and bearish OB’s are located at previous highs and lows in the market, or on our charts. Now let me further explain about Bullish OB’s… 1. 2. 3. 4.

They are located at swing lows of the market. They are the last bearish candles They are called bullish because they push price upwards. And they are best identified by bullish engulfing patterns, and three inside up.

NB: Base your focus mostly at the bodies of the candles. Use the following link to learn more about common candlestick patterns https://phaniinvestors.files.wordpress.com/2017/09/candlesticks-reversalpatterns-to-support-fibonacci-levels.jpg

Check EURUSD pair from 2019.10.01 09:00 to 2019.10.21 14:00 to see everything. And to learn more, contact me @theonewhoconquerz Or if you want free signals, click https://t.me/theonewhoconquers