The Algorithm trader 🏌
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I focus mainly on what actually creates the market"algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals .should u be interested in understanding this algorithm
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1300 +1060+1000pips =3360pips bagged and still running πŸŒβ€β™‚
Let the monthly close give us his hand
Should price close below that ph , we could start to observe a bearish possibility,  but above it , then price would look to reach for its breaker block just above... πŸŒβ€β™‚
Should price close above this current previous high, I expect this next msh to be taken out , should it close below that high, we are headed to the downside ...
Please study jpy pairs ... their monthly closing is important, it could open the door for a very very long term move in this market , either bearish or bullish, in the meantime we shall see ...
I might not necessarily pull up any trade this week , I would study the present creation for this week ... and the next and maybe the next .. within these weeks , algorithmic decision would have been made ...
We are still bearish , I hit stoploss on this pair , was looking out for a sell when price was doing the opposite ... anyways, a lost opens your eyes to the market in a way that your mind would never have comprehended ..
Characteristics of a reversal pattern ?
Once I see a close below this previous high, I become bearishly inclined ...
So its two ways ... I would just sit iut the remaining of this month ...
The Algorithm trader 🏌
Rentry sniped, and currently running 340pips ... approaching its take profit 1 , Yes I was in this crazy week's fallπŸ˜‚β€οΈ
Now if u were present on day 1 and 2 .. I have these few questions for u ...
1 check,  do u see any reversal pattern ?
2 was all its characteristics  met ?
3 what market environment are we?
4 where is price coming from ?
5 so now where is price heading to ?
Do u understand  now ?  Simple to pull off right?  πŸŒβ€β™‚
Get ready !
πŸ”₯4
Okay , the 3 day meeting has ended, ❀️ .. I hope we all learnt a thing or two ? β€οΈπŸ˜‚
❀2
If u were in my 3day meeting ,
You should understand this right ? πŸŒβ€β™‚
Algorithm "must" take out that previous high
πŸ‘3