Waiting on market structure to provide an opportunity to take a significant position on either buyside or sellside. Currently trading within the internal range as such the conditions are unfavourable to take a position due to previous price movements. If price breaks above 2475 then short positions will be considered.
Shorting maticusdt because price has already taken out buy side liquidity via the function of gathering buy stops. I will currently be looking for confluence using the quote currency USD and movements in the DXY index which controls the strength of the US Dollar.
As a result of this run on buy stops we would expect price to now move towards equilibrium or a...
Waiting to see how price reacts above previous week high / how in order to determine where the algo will deliver price to.
Upon market open we saw a bearish NWOG thus expected a bearish daily close.
Waiting to see whether price expands into -4 to -5 standard deviation range or whether we see a reveral at -2 to 2.5 range.
GPDNZD price has been moving towards the 2019 high which it has subsequently broken and we are now waiting on a market structure shift or change of structure prior to confirmation of entry.
