WANNA SEE AT LEAST THE M5 LOW BROKEN TO VALIDATE A MORE BEARISH STANCE OTHERWISE... SIDELINES ⚠️
WILL BE OFF CHARTS TODAY GUYS.... GOT QUITE A FEW ENGAGEMENTS OUTSIDE THE CHART WORLD... SEE YA'LL WHEN I GET BACK...
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Now , we have reach a resistance point which you should reflect on as a trader, seeing that according to market structure, the recent resistance which price Is currently reacting off from filled it's previous imbalance alongside mitigating it's previous bb in line with it's previous structure . Altho I have two POIs in mind , I would want to sit and watch how price plays with this ...
Now to the 30m of the first poi , we can see that it's reaction on the 4h , shifted structure on its surbodinate , I except to see a positive reaction off this my SPOI, watching how price reacts off its lower subordinate, should I not see the Algorithmic alert I expect to see , I would simply not take this trade
The Algorithm trader 🏌
Now to the one hour , should the one hour major low be swept, I would take that as a bearish sign , and focus on either of those two POIs , of which Algorithm would validate in the later future ... Please note , this is just a veiw , if we don't get the…
1h low , broken as expected , so I would sit and wait for a "now termed retracement leg" to carry price into either of this poi ..
The Algorithm trader 🏌
Daily , clearly explained ...
Seeing that I still expect the previous bank effect to be filled to it's brim , I would take this current rejection as a retracement move to "induce sellers and also engineer liquidity " so now we have gotten to a major support which I believe should help in pushing price upward , into the void creator shown here as my future sell entry
Now that daily imbalance reaction , shifted structure on the 15m , I intend to see price heading up from here , .. price could still want to fill up the daily imbalance , maybe like creating a st swing low on Wednesday but I want to see a buy through out the end of this week ...
Should it fail, I would take the recent daily rejection as a full "Algorithmic inducement"
Should it fail, I would take the recent daily rejection as a full "Algorithmic inducement"
And by the way , july's monthly candle is coming to a close , it is this july's closing that would set the new direction for all currency pairs .. so as a trader , u might want to pay more attention to this monthly candles close ❤️