The Algorithm trader ๐
Looking at Xauusd taking out the previous old high , would be watching its reaction around there, Should price close below the previous high , Gold becomes bearish . A close above , we remain bullish
Now , should todays candle close below the previous high, that would be seen as a possible change of market environment
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The Algorithm trader ๐
Looking at this for a possibility, only if Price closes below these previous engineered liquidities ... Fridays close would tell โนโโ
Hmmm , lets eat this one step at a time โค๏ธโนโโ
The Algorithm trader ๐
Possible outlook. As long as the bearish rectangle isn't violated
We shall see ๐โโ
The Algorithm trader ๐
Hmmm, anticipating a drop to this level ๐โโ
Dropping 400pips and approaching take profit one
Just as we were stopped out of the trade in my signal room โค๏ธ๐
My duty as a trader is to get to the market , take as much pip as possible, while in my comfort zone ๐โโ