EURUSD Showcase of how breaker blocks and order blocks work
Here we can see 2 different possible entries after price broke out of the Asian Range.
We will wait for the retracement to :
1) 50% fulfillment of the Breaker Block
2) 50% fulfillment of the Order Block
For today in this case, price failed to mitigate off the breaker block but successfully mitigated the order block for a solid 10.79R trade.
If you have taken both trades with proper risk management, you would still come out top with a healthy chunk of profit of 9.79R.
We will wait for the retracement to :
1) 50% fulfillment of the Breaker Block
2) 50% fulfillment of the Order Block
For today in this case, price failed to mitigate off the breaker block but successfully mitigated the order block for a solid 10.79R trade.
If you have taken both trades with proper risk management, you would still come out top with a healthy chunk of profit of 9.79R.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.