Wyckoff distribution spotted on the 15m TF. I will keep my risk to the absolute minimum with this trade and will re-enter with normal risk when it turns bearish.
Spotted a Wyckoff distribution on weekly timeframe. Of course this being a weekly timeframe the market might hit the sell target(weak low) probably in a month or next year. Confirmation on a 4hr will solidify this set-up. We want to see the same market behavior(Distribution and Change of Characters) on the daily and/or 4hr. I will monitor the 4hr over the coming...
My Idea on EURJPY is based on Wyckoff Re-distribution schematic. Weekly is bullish and daily is bearish, I assume the daily change of structure to bearish is to close the order block at 137.964 (Weekly Order Block). On a 15m timeframe I saw a re-distribution. I will abandon the sell idea if the extreme high is taken out. But between the indicated 15m Order block...
This an idea on a selling opportunity for USDJPY on a 1hr timeframe. Lower timeframe (15m/5/1m) confirmation will be used for further confluence. There is an Asian high above the current price and just before the 1hr supply area. I will need the market to take out this high and from there I will look for Wyckoff distribution on lower timeframes before taking a...
The market reacted just before the 1hr LPSY that I had indicated and on lower timeframes(1m to 4m) formed another beautiful "miniature" distribution schematic. So marked out are two 15m POI which the market might react from or might not even touch at all. The aim is to monitor on a 1m timeframe any distributions that might form either at any point in/before/after...
Looking to short EURJPY at the last point of supply (LPSY) on the 1hr time frame. Lower time frame (15m/5/1m) will be used for further confirmation of the trade. The 4hr demand area will be my target.
My analysis is based on the market phases that are based on the Wyckoff principles. Price according to Wyckoff has 4 phases, accumulation/re-accumulation phase, mark up phase, distribution/re-distribution and finally the mark down phase. With this trade idea I spotted a re-accumulation that was then followed by a mark up and distribution, based on the above...