The Algorithm trader π
Looking at Xauusd taking out the previous old high , would be watching its reaction around there, Should price close below the previous high , Gold becomes bearish . A close above , we remain bullish
Now , should todays candle close below the previous high, that would be seen as a possible change of market environment
π»2
The Algorithm trader π
Looking at this for a possibility, only if Price closes below these previous engineered liquidities ... Fridays close would tell βΉββ
Hmmm , lets eat this one step at a time β€οΈβΉββ
The Algorithm trader π
Possible outlook. As long as the bearish rectangle isn't violated
We shall see πββ
The Algorithm trader π
Hmmm, anticipating a drop to this level πββ
Dropping 400pips and approaching take profit one