Order Block

Question 1

Define a bullish order block

Order Block

Answer 1

A bullish order block is the lowest and biggest down close candle near a support level

Question 2

When is a bullish order block validated?

Order Block

Answer 2

A bullish order block is validated when the high of the candle is taken out

Question 3

Describe the best time to enter a bullish order block

Order Block

Answer 3

When price trades higher, away from the OB candle and then returns to the OB high

Question 4

What are your possible stop losses on a bullish OB?

Order Block

Answer 4

1. just below 50% of OB
2. the low of the OB

Question 5

Define a bearish order block

Order Block

Answer 5

A bearish order block is the highest and biggest up close candle near a resistance level

Question 6

When is a bearish order block validated?

Order Block

Answer 6

A bearish order block is validated when the low of the candle is taken out

Question 7

Describe the best time to enter a bearish order block

Order Block

Answer 7

When price trades lower, away from the OB candle and then returns to the OB low

Question 8

What are your possible stop losses on a bearish OB?

Order Block

Answer 8

1. Just above 50% of OB
2. the high of the OB