The Algorithm trader 🏌
Only if we see a close of this current weekly candle above the previous low ... Then I could think of a bullish buy relieve
First reaction gave 600pips ... Still seeing a bullish dxy 🏄♂ , should the confirmation I need to see on the daily prints, I would like to see dxy bull to 111.800🏌♂
The Algorithm trader 🏌
What i really want to see happening 🏌♂
This be invalidated should price break the low below ..m
The Algorithm trader 🏌
Xauu is in a a critical stage , algorithm still doing its thing , could take sometime, but I expect to see this pair fall , 1 price could either want to form a swing high, by taking out last weeks high and drop Or 2 price could mitigate the 4h mb and drop…
I could still be stopped out , but am following number 2 🏄♂ should number 2 fail, I would be looking at a potential number 1 happening.. but as it stands gold could fall lower to the bullish volume rejection block , just where my take resides 🏄♂
The Algorithm trader 🏌
Would be watching this imbalance for a possible bullish rejection
Time frame relationship 🏄♂
The Algorithm trader 🏌
During news release , one truck you need to understand is , price would first run to take liquidity and go the other way .. take note of this
Was there news yesterday ? Can u see that sharp drive into taking out that liquidity inside the shaded box above ? Yes that was news yesterday I wasn't interested in that sharp move downwards , most traders would have been trapped , deceived and pained in the end ... but I bought ? .. 🏌♂
The Algorithm trader 🏌
Study the smaller timefames for algorithmic willingness
It just had to sell 😂😂it just had to ... 650pips with zero stop-loss 🏌♂
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The Algorithm trader 🏌
Should today's candle close below this minor low , this becomes validated .... it would then be seen as a first bullish minor structure shift, I would then be watching this level for bearish reaction 🏌♂
Price touched the close of the imbalance and currently falling. Price still could go higher deep into the imbalance, but all the same , a drive lower to filling up this previous bank effect is algorithmically possible 🏌♂
The Algorithm trader 🏌
Would be watching this imbalance for a possible bullish rejection
1 market environment
2 market structure
3 principle of past present and future
4 entry level..
sniped and running 110pips 🏌♂
2 market structure
3 principle of past present and future
4 entry level..
sniped and running 110pips 🏌♂