The Algorithm trader π
Possible take profit level ... "only if" price closes below the previous daily high ,
Here's what I mean , if the current market closes below fridays high, we should see a bearish move downside ...
If it doesn't, I accept my losses πββ
If it doesn't, I accept my losses πββ
The Algorithm trader π
Should the current price close below this low , we are confirmed bearish on gold , I would be watching out for bearish reaction off this zone πββ
Touch and currently dropping 300pips .... algorithm would be looking to drive price towards this level ...
As a trader, I train myself to see like the banks β€οΈ ... I might not be right all times , but when I am , it runs in hundreds! Of pips πββ ...
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The Algorithm trader π
Principle of past present and future, So now looking at the past leg, it is clear that the past leg created banks effect which the present market is looking to fill ,so algorithmically, we should see a continuous minor structure formation till the shadedβ¦
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The Algorithm trader π
Should price close below ...
Hmm has the fall started
The Algorithm trader π
Possible outlook ... its the daily timeframe I see it ...
Dont forget , have been in since the very beginning of its fall πββ