The Algorithm trader 🏌
110pips .. were u buying ?
Close now at 100pips ... Something is going on in the 5m .. let's be safe
The Algorithm trader 🏌
That imbalance rejection on the 4h, broke structure on the 5m , so a possible return to that low
One new position close , to cover for the second trade stoploss should it come against me
The Algorithm trader 🏌
One new position close , to cover for the second trade stoploss should it come against me
It eventually did come against me , but i had nothing to lose
Reason for trade ,
There are 2 imbalance spotted here .. whenever u spot such , the one lower is either used to create liquidity for the one higher or it could be broken for the one higher .. so i feel the first imbalance could be used to engineer liquidity for the one higher 🏌♂ .either ways should it be broken , then I would focus on the one higher ..
There are 2 imbalance spotted here .. whenever u spot such , the one lower is either used to create liquidity for the one higher or it could be broken for the one higher .. so i feel the first imbalance could be used to engineer liquidity for the one higher 🏌♂ .either ways should it be broken , then I would focus on the one higher ..