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TradeTheVolumeWaves
May 11, 2023 7:50 PM

EURAUD - Probable Wyckoff Spring - The Forecast Long

Euro Fx/Australian DollarFXCM

Description

Learn to read the chart.
The Story:
* We are balancing on a significant Fib 61.8
* Last SI before the fake break of Fib quite High at 17.6, probable buyers
* Fake Break = Wyckoff Spring formation start. PVR quite high
* Plutus comes with a Long signal PRL
* Abnormal SI of 21.0 = buyers on the way down
* The reaction : large up volume wave with the corresponding pip move

The Forecast and possible entry is shown on chart. If we break that Entry Level line the Spring is confirmed.
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