as a trader, u must trade in line with what the htf directional bias is telling u ! dont u ever ever let your trading mind be drown in surbodinate timeframes for trading ,,, never ! the banks do their business on htf and htfs alone ! the banks enter on the htf and take their profts on that htf .. do not , i repeat , do not take a trade without the htf in place !!!!!
and also do u know that every rejection and retracement level for future price is always created while its present move is on going ?
algorithm is the sole creator of any financial markets , the banks have no part in market craetion, as a matter of fact the banks can never create the financial market ... the banks do not have the capacity to create the market , they just cant.. think about this ... why do u think we have retracement and impulsive legs in the market place ? have u ever thought of why we have trends in the market place ? have u even thought of why there is what we call market structure ? ,,, wait a minute , do u even understand what market structure really means ?
okay lets use a bullish market as an example , why on earth must the market do a higher high and higher low instead of just running upwards ? why? this secrets would remain hidden , it is not for everybody !
The Algorithm trader 🏌
whenever u have two rejection above or below eachother , always have it in mind that algorithm would usually use the one lower or above to engineer liquity for the one above or below .. dont forget this .. this pair is a typical example of this
just as said earlier, the one lower was used to engineer liquidity for the one above
The Algorithm trader 🏌
4h posing a possible retracement .. let's watch how this plays out 🏌♂
perfectly running just as analysed.. now look closely , do u notice how every zone u as a normal trader would have picked to buy this pair keeps breaking ? have u learnt something ?