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Explaining Cho-Bo OrderBlock PRZ Strategy in Forex Trading

Post Author By Simon Cristian
Post Date September 9, 2023

4 min read

The “Choch Bos Orderblock PRZ” strategy for Forex trading is a method that creates buying and selling levels predetermined by looking at the most recent Order Block that has been printed on the chart. This strategy looks for an Order Block with a Price Range Zone (PRZ) that can be used to craft trading signals on the Forex market. The Order Block is used as a reference to identify potential upcoming market conditions. When the Order Block occurs near a significant high or low in price, the Forex trader can use this PRZ to identify potential trading opportunities. This allows the Forex trader to be well-positioned for possible swings in the currency. Furthermore, the Order Block could be used to set up Stop Loss orders at key areas to further limit the possible losses that may occur. The Choch Bos Orderblock PRZ trading method can be a very useful tool for Forex traders, allowing them to better position themselves for success in the Forex Market.