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“📈 Bullish Order Blocks Explained! 🚀 #TradingStrategy #Forex #PriceAction”
1 year ago
10
1. Identify the Bullish Order Block: After a bullish Break of Structure (BoS), mark the last bearish candle before the move up as the potential bullish order block. This is where institutional buying may have occurred.
2. Wait for Price to Retrace to the Discount Zone: Use tools like Fibonacci retracements to identify the discount zone (below the 50% level). Stay patient and avoid entering prematurely until price revisits this area.
3. Monitor the Reaction and Enter Strategically: Observe how price reacts to the bullish order block. Look for confirmation, such as bullish candlestick patterns or lower timeframe structure shifts, to enter trades targeting further upside movement.
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