Okay looks like I would talk on reversal pattern ...
A reversal is where there is a total change in market direction , depending on the market environment....
What usually happen during reversal pattern is ..
1 algorithm takes out the early traders out of the market ..
2 triggers and trap buy stops or sell stops traders..
3 once the previous highs or lows have been cleared out , it is important to seeing price close within the range...
4 once that is seen, algorithm would then aim to the highs or lows that brought price to make that reversal pattern ...
5 and sweeping of the highs or lows should happen around htf reaction level ...
6 once the previous highs or lows have been taken out , and price closes within its range , there should be a sharp run away in price 🏌♂
A reversal is where there is a total change in market direction , depending on the market environment....
What usually happen during reversal pattern is ..
1 algorithm takes out the early traders out of the market ..
2 triggers and trap buy stops or sell stops traders..
3 once the previous highs or lows have been cleared out , it is important to seeing price close within the range...
4 once that is seen, algorithm would then aim to the highs or lows that brought price to make that reversal pattern ...
5 and sweeping of the highs or lows should happen around htf reaction level ...
6 once the previous highs or lows have been taken out , and price closes within its range , there should be a sharp run away in price 🏌♂
The Algorithm trader 🏌
Let time frame relationship guide u , I don't just trigger trades , I wait for timeframe relationship to give the go ahead , if I don't see a go ahead , I don't trade it ... this is just an idea , as long as the minor high is not threatened, should it be…
Poi 2 , we are in a minor bearish environment till that low is taken ,
The Algorithm trader 🏌
Characteristics of a reversal pattern ? Once I see a close below this previous high, I become bearishly inclined ...
Hnmn .. still in its formation stage, but we shall see 🏌♂
The Algorithm trader 🏌
25pips stoploss 🏌♂
30pips take profit scalped .. 🏌♂ two slots left opened 🏌♂
The Algorithm trader 🏌
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 shaded…
Fall girl , fall ! ❤️🥶 .. 500pips and counting 🏌♂
🔥1