zorrong

Order Block (Bullish)

Éducation
EIGHTCAP:EURGBP   Euro / Livre Sterling
Order Block (Bullish)

1. Price comes to a support level
2. High of last down close candles is broken
3. A FVG is left open directly above the last down close candle
4. Last down close candle become a valid Order Block
5. A low is made. Liquidity rests below the low and above the OB ( High probability OrderBlock)
6. Price will seek the sellside liquidity below the old low, re-balance the FVG, and collect more buy orders from the bullish Orderblock
7. Price moves away from the Orderblock and interbank traders offset their longs to willing buyers above old highs.

Follow the Structure, Don't follow the Trend.

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