Block Orders
Order Blocks: Quick Guide
Order blocks (OBs) are price zones where big players (institutions) placed large orders, acting as support (demand) or resistance (supply). Used in SMC/ICT strategies for entries/exits.
Types
Bullish OB (Demand): Last down candle before up move; expect bounce up.
Bearish OB (Supply): Last up candle before down move; expect rejection down.
Identification
Spot impulse moves.
Mark rectangle over origin candle's high/low.
Use higher timeframes for reliability.
Usage
Retest zone for entry (buy at bullish, sell at bearish).
Confirm with candles/volume.
Stop below/above zone; target next OB or R:R 1:2.
Risks: False breaks; backtest first.
Based on Screenshot
Chart (likely intraday, ~23.20-23.85 levels) shows:
Green Icon (Block ~23.20-23.25): Bullish OB – buy zone at base of upswing.
Red Icon (Block ~23.30-23.35): Bearish OB – sell/resistance area; price hesitating here.
Upper green/red overlay (~23.65-23.70): Secondary OB for targets.
Trade: Long from green if retest; short from red if rejection. Align with uptrend.
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