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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@thealgorithmtrader
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Happy new trading week ❤️
Study it's structure .. if u notice, for every 30m major structure break , there is always its major poi rentry, so now we can clearly see that this major low was taken out , so price could want to get into that level for its major poi rentry .... I would like to pay close attention on the 30m and 5m btw
When the new trading week opens .. if u took any of my analysis. .. do close All your positions ... All of it .. 🏌‍♂
I want to see price opening to take out that low in a break of structure manner , should this not happen , then all of this are invalidated ...
But if that low is taken out , I would be paying attention to these 2 levels for reactions ... Remember whenever u have 2 rejection levels , , algorithm could either break thru the first one and aim for the second one , or algorithm could use the first one to engineer liquidity for the second one ... 🏌‍♂
Everything boils down to the low being taken out first to signify bearish presence ...
2 poi to be considered using theorem of double rejection levels .. 🏌‍♂❤️
Pairs with high pips move ?
Gbpnzd gbpjpy GBPUSD ... All GBP pairs and all EU pairs ...
They feed better than USD pairs
Look closely , we are still within the minor structure range , so it is safe to say that we are still bearish .. so I expect that level to stand out as my bearish minor poi .... But should algorithm want to engineer more liquidity then I expect my buy poi to be valid .. save to say a buy to sell
Expectations 🏌‍♂
The Algorithm trader 🏌
Expectations 🏌‍♂
Sell level invalidated .. no subordinate willingness given
2 possible point of reactions
👍1
Possible bearish rentry levels ... Algorithm could drive price up into that zone for the Bears
Bullish rentry level into the weekly void ...
Possible reaction should be gotten here , tho it may be not a major reaction...
Should price close below ..
CPI today ... I have not triggered any trade today , I wouldn't be doing so till after the news.
Possible outlooks