ORDER BLOCK- SMART MONEY CONCEPTS.
TRADEWITHWORLDBANK
ILLUSTRATION 2.
From illustration 2 above, the order block is the candle
before the order flow
which is in the unfiled rectangular box, while the filled
box shows the break out
of the support zone which is our Break of Structure BOS this is to tell us that
the OB is valid
NOTE:
If there is no BOS the OB is not valid. This means if you can’t see or
identify a BOS then the order block is not valid.
ORDER BLOCK- SMART MONEY CONCEPTS.
TRADEWITHWORLDBANK
ILLUSTRATION 3.
From illustration 3 above we can now identify the order block
in the rectangular
box above which is the blue/green candle before the fall or order flow to the
downside. Zoom in to see the picture well. This OB is valid because we have a
clean break of structure signified with the breakout of support drawn by
the red
rectangular box.
NOTE:
If the market falls to the downside the order block candle will be the
green or blue candle before the fall, example is illustration 2 and 3 below. To
ORDER BLOCK- SMART MONEY CONCEPTS.
TRADEWITHWORLDBANK
know how to identify order blocks continue reading below you will see more
illustrations.
•
Using order
blocks to get sniper entry
in the forex market.
Now that we can identify order from the examples above,
we will dive into how to
use order blocks to enter the market and catch good trades with correct entries.
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