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 to see how price reacts off here ..
Sniped that level and is currently falling 400pips. As analysed 🏄‍♂❤️
Algorithm has created a bearish breaker block ,
A successful retest would mean Algorithm should start to create in a bearish market environment to the downside
Possible look
Using
Market environment ,
Market structure
Principle of past present and future ,
Banks entry and take profit ,
What do u see ?
Would be watching this pair bear to this level
Watching for a possible bearish reaction into that imbalance ... a break above means weekly imbalance is inevitable 🏌‍♂
Want to scalp a sell
Future bullish rentry ... note this down 🏄‍♂
Two possible scenarios on this pair ,
1 should price close below the current hight , price could print that as a stop hunt for a possible downside.. but if price closes above, then we would aim for that rejection block above
So we sit out this month to get a clear direction 🏌‍♂
Wqtching for a possible bearish rentry to this level 🏌‍♂
Possible 🏌‍♂
The Algorithm trader 🏌
Poi1
40pips bagged ... one position closed