The Algorithm trader 🏌
Today's daily candle would play an important role in validating this
290pips .... Enter from the beginning , sit down and use the remaining time to study how price reacts
The Algorithm trader 🏌
Am expecting a reaction off here ... Look closely, we are still in a bearish environment,as we are still inside the previous major high, signifying bearing intention is not shifted , so liquidity which could have been seen as it's initial entry level would…
300pips falling and counting ... Do u now see it is very possible to do long-term trades?
The Algorithm trader 🏌
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 .. 🏌♂❤️
Incase you don't understand ..theorem of double rejection states that when ever you have two rejection levels .. algorithm would either use the first one to engineer liquidity for the second one ... Or algorithm immediately breaks the first one for the second one ...
❤3
The Algorithm trader 🏌
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 .. 🏌♂❤️
Do you understand now ? 60pips bagged and running 🏌♂
👍1
Watch this clearly , from that shaded box high, you would clearly see price rejected from that imbalance and caused the previous minor structure break , should we want to deal with this in a minor structure manner , it is clear here now that that shaded box is a minor poi within its minor structure ... Should this be invalidated, I would be looking at the imbalance above for a sell rentry
Broken even on this ..BTC is still within it bearish minor structure , should this shaded box be broken to the upside , then bullish possibilities could be entertained , price is currently reacting off liquidity to the left , should the daily candle close below that liquidity, then I would be looking to the downside
The Algorithm trader 🏌
Should price close below this high, then I would be looking at a downward move to its RB ... Should it break that high, then I would be looking at the eqh above ..
Price going as planned , fallen 220pips since it closed below the previous high 🏌♂ that spike to the upside ? That's news effect ...
In every trade you take , always always always take partial profits .. ❤️ we are humans , perfect trades could come against us ..
When price gets to your poi which must be on your htfs, sit down with the surbodinate, that's where the meal is ... Believe me 🏌♂
The Algorithm trader 🏌
Should price close below this high, then I would be looking at a downward move to its RB ... Should it break that high, then I would be looking at the eqh above ..
I take my setups , I make money with them .. 🏌♂ .. sitting in your parlour guessing a move worth over 300pips and that move comes, you are 210/300 pips in your favour 🏌♂❤️