Here, I am talking through the recent moves EU has gone through and what this means for price delivery on a more technical level. As we can see following fundamentals and news EU has taken a turnover and started to initiate to the upside. Sure this can be explained through fundamentals and looking at recent events, however it can also be looked at on a purely...
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...
Here we have a distribution phase and a spring which acts as the failed breakout (failed consolidation). This validates our bias we should know see a impulse in price from the mitigation of the order block from the spring. Then see strong downward momentum (markdown). There are numerous imbalances on the markup and we have a unmitigated order block from the spring...
wyckoff schematic played out on EURAUD. First saw the signal it was the accumulation phase. Since i have a small account i managed to catch around 250-300 pips with a profit of 80 GBP. Just a heads up, since if the distribution phase works out and we have the phases set out we can be looking for huge shorts. Price also has to mitigate down since there is a...
