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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Once that high breaks we are bullish
Price previous ob broken ,
Two possible outlook , poi1 would be validated if price closes below these previous highs, should price close above , it would reach for poi2 and I would then watch for reactions ...
Algorithm looks like it caused a reversal pattern on the weekly timeframe, the banks have gotten the willingness to buy off the bullish weekly imbalance
Could this small black candle be a bullish order block ? Should current price break that previous black candle , we could see an expansion upwards
Possible outlook
Approximately 50pips stoploss
The Algorithm trader 🏌
Poi1
Am risking 35pip, and possible extend to 40 , depending on what happens ... but if u look at the current 30m,
The Algorithm trader 🏌
Am risking 35pip, and possible extend to 40 , depending on what happens ... but if u look at the current 30m,
4h rejection block shifted structure on the 15m to the downside, algorithm should start to create the market to the downside 🏌‍♂
The Algorithm trader 🏌
Approximately 50pips stoploss
Price currently alerting the bullish banks for a potential buy ...