eurusd is a low probability sell judging from where we had a rejection from the monthly
take this week and next week off to study the current price action ... this is very important 🏌🏿♂️
The Algorithm trader 🏌
CONSIDERING THE LAST MENTORSHIP FOR THE YEAR
On Friday information would bee passed accross 🏌♂
The Algorithm trader 🏌
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Price is currently falling 300pips ... Partials of 60% taken and wait 🏌♂
To the wyckoff students , this is seen as a distribution with utad seen , and hence they expect a last point of supply (lpsy) then fall nj ..
To the ict , this is seen as a stop hunt and an energetic downward fall , price would be looking to retrace and perhaps fill that imbalance .
To the algorithm students , we see this as early sellers sacrificed and buy break out offered as a burnt offering then we see a first minor structure break , we then expect Algorithm to retrace price into equilibrium of the first range which has shown (AMD, accumulation manipulation to take out the previous high and distribution to the negative side ) and form a valid lower high into the tap that holds orders ... Then we fall there.
So u see ? Be it wyckoff , ict or algo .. the goal is to win
To the ict , this is seen as a stop hunt and an energetic downward fall , price would be looking to retrace and perhaps fill that imbalance .
To the algorithm students , we see this as early sellers sacrificed and buy break out offered as a burnt offering then we see a first minor structure break , we then expect Algorithm to retrace price into equilibrium of the first range which has shown (AMD, accumulation manipulation to take out the previous high and distribution to the negative side ) and form a valid lower high into the tap that holds orders ... Then we fall there.
So u see ? Be it wyckoff , ict or algo .. the goal is to win
🥴1
The Algorithm trader 🏌
To the wyckoff students , this is seen as a distribution with utad seen , and hence they expect a last point of supply (lpsy) then fall nj .. To the ict , this is seen as a stop hunt and an energetic downward fall , price would be looking to retrace and perhaps…
Let's all take this as an assignments , if it plays out , some good bag gotten 🏌♂❤️