Tag: drawing

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How to Draw Order Blocks for Forex Trading

By Matthew M. Lockett
August 13, 2023

5 min read

Drawing order blocks on Forex charts can help traders visualize where to place their trades. By drawing an order block on an asset’s chart, traders are able to see the best entry and exit points, as well as possible areas to take profits or set a stop loss. Drawing an order block can be done with a few simple steps. First, create a chart of the underlying asset. Then, pick two points on the chart to mark the entry and exit points for the block. After that, draw the block between these two points. Finally, enter the key data associated with the block, such as volume, type, and order size. Once the block is created, it can be used to help orient traders with their trade setup.