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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Possible "reaction" anticipated
Possible bearish reaction
Paying attention to this pair ...
First shift spotted, watching out for possible rejection off these levels ...
The Algorithm trader 🏌
Study the smaller timefames for algorithmic willingness
Closing the week on no drawdown and 350pips profit ....🏄‍♂
2 possible bearish rejection levels ...
I would be focusing more on cross pairs this week , the usd market creation is wierd , staying off it till I find it interesting . 🏄‍♂
👍31
No entry given yet,
Study 🏄‍♂
🔥2
The Algorithm trader 🏌
Would be watching for "possible" reaction off this tommo
Ohh well ... not the rentry I expected... but if u looked closely, price closed within my range and starts to fall 🏄‍♂
Look closely, the rentry level has been created 🏄‍♂
As a trader , I concern myself with
1 the market environment
2 the market structure
2a , what the major structure is telling ,
2b what the minor structure is telling
3 principle of past present and future
4 entry levels ...
2🔥2
Thats it ... thats it .. 🏄‍♂
Watch for possible "reaction" off this level 🏌‍♂
The Algorithm trader 🏌
Study 🏄‍♂
Should today's candle close below this minor low , this becomes validated .... it would then be seen as a first bullish minor structure shift, I would then be watching this level for bearish reaction 🏌‍♂
There are two things the market generally does everyday every week , everymonth, every year ...
Depending on the market environment,
It is either the market is
1 trading towards the major entry entry level ( banks entry level),
2 or the market is trading towards the major takeprofit level (banks take profit level) ....
Major structures determines the market direction ...
Minor structure trades towards the major structure direction.. 🏌‍♂
Then everyother comes to play