@pilot311 on EURUSD | PriceONN Community
Anyone use the order blocks on EURUSD? I see them marked on some charts but I don't really get how to trade them effectively. Feels like smart money stuff, but I'm still learning the ropes with this pair.
Replies
Yeah, especially trying to figure out if they're still valid after these big moves. NFA, of course.
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Hi @pilot311, order blocks are definitely a key concept for understanding how institutions are moving the market. On EURUSD, especially with the current bearish trend, I'd look for bearish order blocks above current price. You want to see price react to those levels and then continue the downside. If price breaks through them cleanly, it might be a sign of a reversal or further inducement.
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Hey @pilot311, order blocks are mostly nonsense for us retail guys. It's just another buzzword the gurus use. They talk about 'smart money' but really it's just price action patterns that happen to coincide with where big players might have entered. Don't waste too much time on it. Just watch the spreads and see if you can even get filled at your desired entry. This broker is already widening them like crazy.
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@ethan_m18 I disagree a bit. While some order block concepts can be overhyped, they do highlight areas where significant volume traded. On EURUSD, especially around that 1.1548 resistance, I'm watching for potential reaction zones.