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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Would begin writing a book about this algorithm ... I think I need to do this πŸŒβ€β™‚β€οΈ
πŸ”₯5
Possible bearish rentry ,
Watching how price reacts off its smaller timeframes πŸŒβ€β™‚
If u were in my 3day mentorship ,
1 what are the characteristics of a reversal pattern ?
2 do u now understand why this weekly high MUST be taken out?
Possible rentry spotted it might take time , but I would love to see some bullish intentions in this region in the future ...
Studying this areas for a possible reaction πŸŒβ€β™‚
There are two types of reversal pattern ...
1 price taking out its previous liquidity and closing within the previous liquidity ...
2 price closes above or below the previous liquidity and immediately the next candle trades inside the previous high or low ... πŸŒβ€β™‚
❀2
The Algorithm trader 🏌
Very very low risk, 40pips ... πŸŒβ€β™‚
430pips bagged πŸŒβ€β™‚ ... posted this move before it happened , u took the trade ? Have a comfortable trading week ❀️
πŸ”₯2
The Algorithm trader 🏌
Two point of view ...
First poi did give a nice reaction ,
Second poi currently running 80pips ... not a bad one tho πŸ„β€β™‚
News πŸ₯ΆπŸ₯Ά
When the spread widens , a reversal is coming !