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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@thealgorithmtrader
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Well , structurally euraud is bullish ... now study what price is doing , while the current market is moving , u can clearly see imbalance being created , boom ! Thats it , thats it πŸ„β€β™‚ the present market has created
1 future rentry which the future market should be created towards
2 future higher low region πŸ„β€β™‚
The Algorithm trader 🏌
Two possible bullish reaction levels ...
Poi1 triggered ... 100 pips... one position closed πŸ„β€β™‚
The Algorithm trader 🏌
Would like to see how price reacts off this previous high , would be paying attention its validation on the subordinate,
Price is currently falling 400pips ... a good analysis I could say , ... if I were in this trade , I would have taken 50%partials off ... πŸ„β€β™‚
The kind of current market creation , its best i stick to trading long term for a while ... πŸ„β€β™‚
Would be watching for bearish interest, should the daily candle close below the previous high
Possible breaker block rejection .. πŸ„β€β™‚
The Algorithm trader 🏌
Possible breaker block rejection .. πŸ„β€β™‚
90pips .... a good way to close the week , πŸ„β€β™‚ u took this trade ? , 90pips is a good reward , you can close now πŸ˜‚β€οΈ
The Algorithm trader 🏌
150pips bagged .. 50% closed ... stop-loss sponsored πŸ„β€β™‚
Eventually lost this trade tho πŸ˜‚ , but I lost it not from my account , my stop-loss was sponsored by my partial close ... lesson of the day , always take partials !
The Algorithm trader 🏌
Here's the daily , the monthly imbalance poised a bearish orderblock ..
Sniped and falling 100pips πŸ„β€β™‚πŸ„β€β™‚πŸ„β€β™‚
Possible rentry πŸ„β€β™‚
Losses are welcomed , but don't just welcome it , learn from it πŸ„β€β™‚