- You start your BIAS at the daily chart.
- So if you are bearish you are going through the charts looking for setups that would warrant a short setup. Vice versa if you are bullish.
- Frame the previous day high and lows as potential target area for your trades. There is alot of liquidity around daily high and lows. institutional mindset traders do this. And high frequency trading algorithms attack previous days highs and lows.
- A Orderblock is valid when it haves an imbalance. Without the imbalance there is no orderblock.
The orderblock in this example is the bearish candle + the 3 consecutive bullish candle. The retracement back into that FVG doesnt need to get up into that last up close candle before the down close candle, because there is a old orderblock before that FVG, as you can see in this screenshot.