Add some tick volume and you might understand why the Order Block was going to fail. The up move was on a decreasing volume. The down move, return to Order Block, had an increasing volume - indicating that there was some presence of Supply and that the test of the low and the Order Block was likely to fail.
Hopefully you are aware of the Sell Stops as you can expect some stop losses below the Support zone.
{quote} Add some tick volume and you might understand why the Order Block was going to fail. The up move was on a decreasing volume. The down move, return to Order Block, had an increasing volume - indicating that there was some presence of Supply and that the test of the low and the Order Block was likely to fail. Hopefully you are aware of the Sell Stops as you can expect some stop losses below the Support zone.
Ignored
Is this a more technical way of saying early entry?
Joined Oct 2020
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Status: Trading in the zone
|437 Posts
Good morning members, it's 8:37am this side.
Are we in a selling environment if price breaks and closes below the diagonal support on H1? I am not close to my PC at the moment.
Good morning members, it's 8:37am this side. Are we in a selling environment if price breaks and closes below the diagonal support on H1? I am not close to my PC at the moment.
Good morning members, it's 8:37am this side. Are we in a selling environment if price breaks and closes below the diagonal support on H1? I am not close to my PC at the moment. {quote} It didn't close below.
Ignored
It closed two hours later. The major (Weekly/ monthly) Support level @ 0.88610 just got broken. What does this imply?
you can put it that way.
Will be on guard 
