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Wyckoffdistribution

Goofed by what I thought was distributionSo.. PLANS CHANGED! Took some time to see on the sidelines how price would decide to play. Seems like we've been trending bullish with strong inst. order flow, so as of right now and the way the higher TFs are looking -Daily shows great strength, as well as a BOS; this could be the impulse to begin our bullish move, after many days of bearishness (for the retracement)-. Now, I'm seeing re-accumulation. Price begins to trickle its way bullish after a retracement on both 4HR and D (Jan 14-17th), which to me, seems like the standard push-up-pullback bullish scenario you'd see in clean price action. GBPUSD RE-ACCUMULATION ON 4HR GBPUSD BULLISH BOS ON DAILY With DXY showing signs of bearishness on higher TFs, as well as taking into account future events like stimulus cheques being handed out; value on the DXY is sure to nudge lower with all that money being printed -just my hunch, lol-.
by JaquiQuill
Pair correlation between DXY and GU, Possible DISTRIBUTION on GUI'm personally hoping to see, with DXY giving a potential for a short term sell-to-buy, that GU can go as far enough to take out those LR wicks, creating a UTA -as price wicked the whole body of the previous UT, one could say it broke PRICE structure, but since it didn't wick ABOVE the wicks which formed the UT, I'm waiting to see if price will cover that UT; as it IS called Wyckoff; and create a UTAD-. Looking for a short term buy, then a mid-term short IF the UTAD shows. DXY reference SHOWN BELOW (1HR): With DXY breaking 1HR structure, I'm personally standing by to see if Inst. order flow can begin taking price bullish, but with the higher TF outlook on DXY (4hr/D/M), I'd like to think otherwise.. lol. In need of some opinions! P.S Ignore my half level, Ik it's off
Short
by JaquiQuill
GU pushing for a UTAD?An update to my previous post. Hopeful about a possible UTAD forming, or even an LPSY if price decides to grow weak -especially with all the volume that's been coming in and the short consolidation phases in between those large moves-. I'm thinking either another, final, push to the upside which'll tackle those equal highs and LQ spots. Another thought: if price decides to give out, that -for me- will begin to confirm the start of an LPSY. Thought #1 seems the better option for me, as price on 30 and 15 have been forming LQ; just personally waiting for that take-out move to happen any time now or even London. 1HR and 4HR seem to show that price is beginning to exhaust, possibly to break to the upside for a buy-to-sell, or just start our down-side IPA fills. I'm personally looking for a short-term sell-to-buy. DXY REFERENCE:
Short
by JaquiQuill
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