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 β€οΈ
The Algorithm trader π
Zooming in clearly , we can clearly see that the market is currently facing a rejection off the daily BB, since my expectation is price heading to fill up it's previous bank effect, i could easily say the BB is retracing price ,...
Algorithm is in charge of this current movement , I expect to see this void creator mitigated ..
Now to the 15 , we can see my 1h poi showing as a BB. I could have said this entry is a good one , but looking just above this poi , u would clearly see some clean highs marked"x" so should Algorithm refuse to give an alert on this 15m breaker block I would then focus on the area marked "x" for a rentry πββ
One key thing u should all take as a trader is , every move that occurs in the market place is intentional , it is very important to create space in your mind to understanding the reason for every move occurring the market place , it would definitely help u to understand where and what level would be the next rejection level ...
And also , always always put this as your first reason when you open your charts ..
1 where is this present market coming ,
2 where is it headed to ,
Then u can now start your analysis ... β€οΈ
1 where is this present market coming ,
2 where is it headed to ,
Then u can now start your analysis ... β€οΈ
The Algorithm trader π
Algorithm is in charge of this current movement , I expect to see this void creator mitigated ..
Algorithm didnt fetch me what I am used to seeing on considered POIs, hence invalidated πββ
The Algorithm trader π
1h chart, Based on the daily void been expected to be filled , I expect this present move to be a retracement leg, making Algorithm do what it usually does during retracement , carrying price into the next entry level that would inturn align price with theβ¦
Let's go πββ
π₯1π1
COULDN'T UPDATE THE TEAM ON THIS TRADE... BEEN QUITE BUSY WITH STUDIES AS I GOT A TEST THIS WEEKEND
TALK TO YA'LL LATER FAM
#CADJPY
TALK TO YA'LL LATER FAM
#CADJPY