The Algorithm trader 🏌
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We 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 algo,
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The Algorithm trader 🏌
Possible lookout
Dont forget , I have been in the bullish run of usdjpy from the beginning !
The Algorithm trader 🏌
Possible lookout
Sniped and running 1300pips 🏌‍♂ its algorithmic right ?
Minor structure shift , minor structure rentry , once that is seen , price would head to take out its major structure 🏌‍♂
Possible reaction levels ,
Possible view
Possible bearish rentry
When u are in a bearish environment algorithm creates the market in abearish way ... same goes with bullish . So all u need is , get your market environment, and incline your mind to only looking for retries into that market environment 🏌‍♂
Now u see what rejected the market right ?
There are two types of imbalances , and this is just one of them 🏌‍♂
Watching these levels for possible bullish reaction ...
Watching for a possible bullish reaction ...
Gold printed something that makes me look for bullish rentry , precious weekly candle above the bullish imbalance , this is not what is really important, let's look at the 30m ...
The Algorithm trader 🏌
Gold printed something that makes me look for bullish rentry , precious weekly candle above the bullish imbalance , this is not what is really important, let's look at the 30m ...
That weekly reaction caused a first mino structure break to the upside , would be watching how price reacts off this imbalance,
This trade is high risk , seeing that price could still want to drive lower into the weekly imbalance ...
The Algorithm trader 🏌
Ohhh well ,, algorithm decided to do its thing❤️😂 ... anyways all eyes on 2000🏄‍♂
Look at the daily timeframe, it was a stophunt , price closed above the previous low ... closing within my range ... algorithmically its right to say price did not break that low
The Algorithm trader 🏌
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 ...
Price closed above its previous high and has bulled 1400pips 🏌‍♂... structurally , the banks aim are to take out these two shorterm high , so technically gbpjpy is strongly bullish, we could still maintain the bullish momentum just as of last week ...