Spot it , enter , take your profit , get out , you are done πββ
The Algorithm trader π
Possible move ...
90pips ... get out of the market now, don't be greedy πβ€οΈ
The Algorithm trader π
110pips .. were u buying ?
Close now at 100pips ... Something is going on in the 5m .. let's be safe
The Algorithm trader π
That imbalance rejection on the 4h, broke structure on the 5m , so a possible return to that low
One new position close , to cover for the second trade stoploss should it come against me
The Algorithm trader π
One new position close , to cover for the second trade stoploss should it come against me
It eventually did come against me , but i had nothing to lose
Reason for trade ,
There are 2 imbalance spotted here .. whenever u spot such , the one lower is either used to create liquidity for the one higher or it could be broken for the one higher .. so i feel the first imbalance could be used to engineer liquidity for the one higher πββ .either ways should it be broken , then I would focus on the one higher ..
There are 2 imbalance spotted here .. whenever u spot such , the one lower is either used to create liquidity for the one higher or it could be broken for the one higher .. so i feel the first imbalance could be used to engineer liquidity for the one higher πββ .either ways should it be broken , then I would focus on the one higher ..
The Algorithm trader π
40pips .. take partials now β€οΈ
Sorry .. it's 30pips β€οΈπ