The Algorithm trader 🏌
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We focus mainly on what actually creates the market "algorithm"
Disclaimer ...!Every analysis sent to this channel are for "educational purposes" not for signals . should u be interested in understanding this algo,
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Partial is very important right now ... Just monitor how price reacts here ...
The Algorithm trader 🏌
110pips .. were u buying ?
Close now at 100pips ... Something is going on in the 5m .. let's be safe
That imbalance rejection on the 4h, broke structure on the 5m , so a possible return to that low
Price currently stophunting the previous high inside the imbalance ... It's worth the study , should price close below .. I would be looking for bearish entry ...
Price stophunted the previous 1m high , 6pips stoploss
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 πŸŒβ€β™‚ .either ways should it be broken , then I would focus on the one higher ..
Looking at a breaker block reaction ...
Possible outlook
Possible move
30pips is really not bad on a Wednesday πŸ˜‚
Today we were low on profits... But I recorded over 150pips profit .. a good day too ..
3day win .... 2 to go πŸŒβ€β™‚