Slime Trading Group

The order block(OB) is a specific price range or candle where institutions will be buying or selling against the retail trend.

They are also special kinds of supply and demand zones formed when there is a block order. That’s why they bear such a name. It comes into place due to buying and selling of the banks.

Institutions leave order blocks for themselves to trade at a later stage. They will reverse the price to a previous order and then driving the price hard in the direction of the trend (The real institutional trend).

These order blocks we can also call them specific levels of either going Long or Short. If an order block is violated or broken, it now qualifies as a breaker, meaning Price will retest back to that order block. Sometimes we call it a failed order block.

Types of OBs:

i. Bullish Order Block (BUB)
ii. Bearish Order Block (BEB)

The Order of OBs

1. Source OB
2. Breaker OB
3. Continuation OB

The central banks and financial institutions mainly drive the forex market. Hence, traders should know what they are supposed to do. The market starts ranging while building the order block, and most of the investing decisions take place at that time.

The market tends to make a sharp move on either side once the order block is completed. The key behind order blocks is that it includes what financial institutions are doing. However, we've seen now that when there are news in play it becomes a little less accurate as traders are not technical based but fundamental based. Watchout for the video going deeper on this concept, its something that can benefit you alot.

Thank you Ref Wayne - TheReal 🥋📊

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