i spotted a wyckoff accumulation on a much lower timeframe(1M) and saw the events were valid and decided to entry onto the spring, which was the grab of liquidity between the lows. As well as that price was already bullish and that fit my bias. Additionally, there was a wyckoff accumulation just below, so that meant the current trade i was taking was a re-accumulation. I used a stop loss of 20 pips to make sure any minor mitigation from the order block was not taken. EURAUD appears now to be in the process of a markup so i will be looking for buys. This because it has just finished a full wyckoff market cycle and went down into the markdown, and mitigated in a very minuscule amount from order blocks weeks ago. There was an accumulation phase further down below and price has been respecting that and is now in the process of re accumulating. So we will be looking for buys
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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.