EUR/USD Short
In the recent drop we can clearly see an OrderBlock form with plenty of Imbalance which price is currently pushing up to fill,
The reason this candle sticks out to me as an OB is because it's the last candle up which is swiping buyside liquidity before a huge drop,
The purple box in the OB represents a slight bit of imbalance which lines up nicely with 50% of the candle,
What I'll be looking for around this area?
Personally for me to enter this trade I would like to see a clear CHoCH on lower time frames with a nice pull back to fill any imbalance created by the CHoCH
I will be watching price as it reaches this level and will not be setting a sell limit, and will only enter the trade if it meets my confirmations
My Take Profit levels will be previous lows and any imbalance left by the market
CHoCH = Change of character
OB = Order block
Please remember this is a trade idea and my personal view on the market, Please do your own analysis before entering and use correct risk management, no more than you can afford to lose.
Enter at your own risk
This is my first post so let me know how i did and anything else you'd like to see
Thanks :)
The reason this candle sticks out to me as an OB is because it's the last candle up which is swiping buyside liquidity before a huge drop,
The purple box in the OB represents a slight bit of imbalance which lines up nicely with 50% of the candle,
What I'll be looking for around this area?
Personally for me to enter this trade I would like to see a clear CHoCH on lower time frames with a nice pull back to fill any imbalance created by the CHoCH
I will be watching price as it reaches this level and will not be setting a sell limit, and will only enter the trade if it meets my confirmations
My Take Profit levels will be previous lows and any imbalance left by the market
CHoCH = Change of character
OB = Order block
Please remember this is a trade idea and my personal view on the market, Please do your own analysis before entering and use correct risk management, no more than you can afford to lose.
Enter at your own risk
This is my first post so let me know how i did and anything else you'd like to see
Thanks :)
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