EURUSD - Wyckoff and Market Phases

Hello Traders !

Today I would like to share with you an addition confirmation why I shorted EURUSD. I used Wyckoff Market Phases

Market Phase:
- Accumulation Phase: During a bull market, the accumulation phase begins when the informed investors usually enter their positions.
- Re-Accumulation Phase: As soon as the price leaves the accumulation phase and the new trend becomes visible, the phase of Re-Accumulation begins. Here, more and more investors are joining
the trend and ensuring higher prices
- Distribution Phase: We are currently in the Distribution Phase. At this stage, the market is often overbought, although the uninformed traders still believe that more bullish pressure is coming.
Afterwards the price will drop .

Wyckoff:
- This analysis clearly shows Wyckoff Theory.

1) Accumulation: The big players buy carefully
2) Mark Up: classic Up Trend
3) Distribution: Up Trend runs out of the steam and the market goes down or into a sideways trading range. The big players starts shorting the price.
4) Mark Down: classic Down Trend after distribution

Proof for Wyckoff: The market is ranging now for a while which clearly proofs the Distribution Phase on GBPJPY . Afterwards of a Distribution the Mark Down is following and the price will drop a lot.

I hope you guys could learn something out of it. Very important and nice theory.

Thank you and we will see next time
- Darius.