๐ What are Orderblocks?
An order block is an area where there has been a large concentration of limit orders waiting to be executed. Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction.
๐ What you'll learn:
1๏ธ) Definition of Orderblocks: Understand the fundamentals of what Orderblocks are and why they matter in the financial markets.
2๏ธ) Identification: Learn how to identify Orderblocks on charts and recognize their significance in price action.
3๏ธ) Role in Trading Strategy: Discover how Orderblocks play a crucial role in shaping trading strategies and decision-making.
4๏ธ) Reading Orderblock Structure: Dive into the anatomy of Orderblocks and decode the information they convey about market sentiment.
5๏ธ) Practical Tips: Get practical tips on how to integrate Orderblocks into your trading routine for more informed and strategic decision-making.
๐ Ready to elevate your trading game? Hit play and join us on this quick journey to master the basics of Orderblocks in just 5 minutes! Don't forget to like, subscribe, and hit the bell icon to stay updated on our latest tutorials and trading insights.
Timestamps:
00:00 - Introduction
00:27 - Definition of Orderblocks
01:15 - Illustration of Orderblocks
02:12 - Chart Examples
05:00 - Ending
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