CRYPTOLOGY

Good afternoon, and so we continue the educational column on our channel. 

Today we have on the agenda, Order Block and Breaker. This candlestick formation has proven to work with good win rate and by studying it and such concepts as BOS and BMS you can look for entry points for your trades.

Let's begin. Order block is a complex of candlesticks formed in consequence of the opening of the position by a tough player in both directions, thereby he artificially creates a demand. 

Obligatory factors: 

1) Candle absorption. 

2) Imbalance in the absorbed candle.

3) It's desirable to look at the break of the structure, the shadows of candlesticks also have little value.

4) The OTP must have a small volume.

How does it look on the chart? 

The entry point for us in this case is the lower limit, or 0.5 inside this zone. Stop, we put it behind the edge of the looking candle. 

Attention: order blocks on higher timeframes are the area of interest for the set position, we do not recommend entering from them by limit! Look inside them for evidence of the reversal. 

Breaker 

This is the same Orderblock which we impulsively broke through without getting any reaction. After the breakout, it will be a conditional support level for us. 

Note the sharp piercing and subsequent defense of our Orderblock.