Wyckoff Re-Accumulation with Analogue Chart guide
Updated
I´m long AUDCAD. I believe we are in a Re-Accumulation scenario and we are “Springing” from the low 0.90s. To the right I have a 2-day analogue chart (USDJPY) from early 2020. Analogue charts can be great guide and tool to anticipate price action, too. They are great until they stop working, then we just move on. Nonetheless, the analogue chart is pre-covid and the pair was going for a rally until covid hit and changed its re-accumulation scenario.
Trade closed: stop reached
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