The Algorithm trader 🏌
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 ...
Should this trade play out , I would be taking my profit off the weekly bearish imbalance , should this break, its just a stoploss 🏌♂
The Algorithm trader 🏌
Would be watching here for one last bullish push to the upside, should this be broken, algorithm would be inclined to creating the bearish market... should this hold , a bullish push to 2000 is possible 🏌♂
Ohhh well ,, algorithm decided to do its thing❤️😂 ... anyways all eyes on 2000🏄♂
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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 ...
The Algorithm trader 🏌
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 ..
Can u see how price formed its swing inside of the shaded box where I intended bulling ? Price has moved 15400pips away from my zone 🏌♂ this is nasdaq , one right trade with even the least lotsize can be very very profitable...
The Algorithm trader 🏌
I would give y'all this for free , every daily candle contains the next day judas swing formation candle ... What I mean is , when u wanna trade in a new day, look for rentry within the previous daily candle, possible 50%( not always so) above or below…
Look at the shaded box ... do u understand now ? 🏌♂
You are in a bullish market ? Shade the previous weekly candle and find discou t bullish rentry ... you are in a bearish environment ? Shade the previous weekly candle and find a premium rentry ... algorithm usually forms equilibrium around these ...
Note, it doesn't happen all the time , but once it does, it explodes!
The Algorithm trader 🏌
Can u see how price formed its swing inside of the shaded box where I intended bulling ? Price has moved 15400pips away from my zone 🏌♂ this is nasdaq , one right trade with even the least lotsize can be very very profitable...
Shorterm take profit met , 🏌♂.. 15400pips bagged ❤️
The Algorithm trader 🏌
Watching for a bearish reaction off here ...
Sniped , 35pips running , 35pips scalped... 🏌♂