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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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 πŸ„β€β™‚
Look closely, the rentry level has been created πŸ„β€β™‚
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 ...
❀2πŸ”₯2
Thats it ... thats it .. πŸ„β€β™‚
The Algorithm trader 🏌
Study the smaller timefames for algorithmic willingness
Touch, no drawdown, currently running 500pips πŸ„β€β™‚
πŸ”₯2
Watch for possible "reaction" off this level πŸŒβ€β™‚
The Algorithm trader 🏌
Study πŸ„β€β™‚
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 πŸŒβ€β™‚
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.. πŸŒβ€β™‚
Then everyother comes to play
Two possible reaction levels ..
Possible bullish move ..
First minor shift ...
Xauu is in a a critical stage , algorithm still doing its thing , could take sometime, but I expect to see this pair fall ,
1 price could either want to form a swing high, by taking out last weeks high and drop
Or
2 price could mitigate the 4h mb and drop ...
We shall see ... πŸ„β€β™‚πŸ„β€β™‚
πŸ‘1
News today , dollar related , hands off πŸŒβ€β™‚
πŸ‘2
The Algorithm trader 🏌
Possible bearish reaction
No drawdown, 130pips and counting πŸ„β€β™‚