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TheEconomyCreator
Jan 14, 2020 6:13 PM

EURGBP Short Setup Long-Term Short

Euro Fx/British PoundFXCM

Description

Beautiful Wyckoff Distribution Schematic 1 on the weekly timeframe, price is now creating the LPSY which will break the ice for the next drop to occur sending price on a markdown.

Nice Smart Money Sell Setup. They tricked dumb money into buying allowing them to enter sells at discounted price levels. Price has settled below the WAP where it is now creating the final LPSY of the Wyckoff pattern setting up another discounted sell entry price.
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