AUDJPY - WYCKOFF analisys
price is in a range market and has had a mSOW (minor sign of weakness) in which there was a liquidity grab, now the price will probably form the UTAD (Upthrust after distribution) and if that new high will be formed we will just have to wait for a reversal sign (such as shooting star or bearish engulfing) in order to open a sell order.
Let's see how the situation develoops.
Stay tuned!
Drago Invstments
price is in a range market and has had a mSOW (minor sign of weakness) in which there was a liquidity grab, now the price will probably form the UTAD (Upthrust after distribution) and if that new high will be formed we will just have to wait for a reversal sign (such as shooting star or bearish engulfing) in order to open a sell order.
Let's see how the situation develoops.
Stay tuned!
Drago Invstments
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.