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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My last trade for the day 🏌‍♂
The Algorithm trader 🏌
My last trade for the day 🏌‍♂
Entry 1 , 30pips , entry 2 20pips .. 50pips bagged 🏄‍♂
Done for the day 🏄‍♂
The Algorithm trader 🏌
17pips stoploss , 400pips take profit 🏌‍♂
It would be more favorable if a close above the previous daily low is achieved 🏄‍♂
Waiting patiently 🏄‍♂
The Algorithm trader 🏌
This shaded box below, algorithm could either 1 use it to engineer liquidity 2 or be broken for the above level 🏌‍♂
170pips , 3 possible take profit level ,
Take profit 1 , reason for previous bullish reaction
Take profit 2 , 4h low according to timeframe relationship
Take profit 3 weekly low 🏌‍♂
Watching how price reacts to this low today , should we see a close below this high, we maintain being bearish , a close above , a possible bullish run should begin 🏄‍♂
The Algorithm trader 🏌
Price should create a judas into this shaded box and bearishly react off it ..
Did just that , created a judas swing inside the shaded box and its currently falling 270pips 🏌‍♂
The Algorithm trader 🏌
We shall see 🏌‍♂
Playing out 🏌‍♂ .. its the daily timeframe 🏄‍♂ falling 350pips
Sharp 200pips scalped 🏌‍♂
The Algorithm trader 🏌
Possible bearish outlook
Touch and running 250pips , possible outlook, would be looking at algorithm carrying price downwards to the reason for the previous bullish expansion 🏌‍♂