The Algorithm trader 🏌
Possible rentry, "should this low be taken " .. Its still very much early for a rentry to me , I would just sit this one out and see how the daily candle closes ... I am very very interested in seeing how the daily candle closes, very interested .. 🏌♂
Ohh well 🏌♂ quick 50pips , intraday take profit met 🏄♂
The Algorithm trader 🏌
Possibility , should the shaded box below breaks , this becomes invalidated... Price should be looking to fill up the previous banks effect
Principles of past present and future ... it is clear now that price intends to go fill up this previous banks effect "voids" another partials taken 🏄♂
The Algorithm trader 🏌
Possible outlook
Price could be looking to head towards testing the reason for the previous expansion
The Algorithm trader 🏌
Only if we see a close of this current weekly candle above the previous low ... Then I could think of a bullish buy relieve
First reaction gave 600pips ... Still seeing a bullish dxy 🏄♂ , should the confirmation I need to see on the daily prints, I would like to see dxy bull to 111.800🏌♂
The Algorithm trader 🏌
What i really want to see happening 🏌♂
This be invalidated should price break the low below ..m
The Algorithm trader 🏌
Xauu is in a a critical stage , algorithm still doing its thing , could take sometime, but I expect to see this pair fall , 1 price could either want to form a swing high, by taking out last weeks high and drop Or 2 price could mitigate the 4h mb and drop…
I could still be stopped out , but am following number 2 🏄♂ should number 2 fail, I would be looking at a potential number 1 happening.. but as it stands gold could fall lower to the bullish volume rejection block , just where my take resides 🏄♂
The Algorithm trader 🏌
Would be watching this imbalance for a possible bullish rejection
Time frame relationship 🏄♂
The Algorithm trader 🏌
During news release , one truck you need to understand is , price would first run to take liquidity and go the other way .. take note of this
Was there news yesterday ? Can u see that sharp drive into taking out that liquidity inside the shaded box above ? Yes that was news yesterday I wasn't interested in that sharp move downwards , most traders would have been trapped , deceived and pained in the end ... but I bought ? .. 🏌♂