In Forex, analyzing market blocks is very important it let you see what market is doing at that moment and you'll decide whether to take action or not based on what the trend is doing.
To Detect a market block, you need to understand market structure and to understand a market structure you have to understand the moves of a market, whether it's an uptrend or downtrend, you'll should be able to detect an impulsive move and a retrace, and a consolidation market is one which everything just goes sideways without any definite trend.
To locate the vertical line is very easy, just go to the tools page on meta trader and click the vertical line.
Come down to your charts and put the first vertical line from where you see a change in the market structure and then put the second line where the structure ends.
Repeat the same thing for the other moves on your chart and that's how you create a market block, and you will be able to to trade breakouts and impulsive moves with this type of strategy.
Market block also, let you know the state the market is in which will further help your decision making process.
To Detect a market block, you need to understand market structure and to understand a market structure you have to understand the moves of a market, whether it's an uptrend or downtrend, you'll should be able to detect an impulsive move and a retrace, and a consolidation market is one which everything just goes sideways without any definite trend.
To locate the vertical line is very easy, just go to the tools page on meta trader and click the vertical line.
Come down to your charts and put the first vertical line from where you see a change in the market structure and then put the second line where the structure ends.
Repeat the same thing for the other moves on your chart and that's how you create a market block, and you will be able to to trade breakouts and impulsive moves with this type of strategy.
Market block also, let you know the state the market is in which will further help your decision making process.