Still following it waiting to reach 1527 we've been waiting for over 3 weeks now.... Looking for a bullish move in the mean time until we clear liqidity above. PATIENCE - CONFIRMATION - ENTRY - PROFIT
We've had the accumulation Wyckoff phase happening for the last 2 weeks for a push to the upside. With mitigation currently happening meeting our reversal 71.8 Fibonacci level, my bias is currently to the downside with my sell limit being met. I won't be surprised if this pushes higher to the price points of 1527 however to fill the huge imbalances we have at those levels.
As EURGBP usually does the opposite to GBP based pairs, I am looking for a bullish move to the upside for the EUR. Currently sitting at a institutional level to play from and I'll be hoping for some consolidation here to give positive signs for the up move. PATIENCE - CONFIRMATION - ENTRY - PROFIT
Price reached 0.86000 whole institutional level which surprisingly matched the level of imbalance. Expecting a pullback upwards at least to 0.89000 imbalance and the middle of institutional candle. We missed an aggresive limit order entry, but lets find some entries on lower time frames. GOOD LUCK. Potential 250pips
Buying the pullack till imbalance and also a 71% fib level. We buy up the pullback, and then sell down from 71% fib downwards to the sellside liquidity pool
Possible idea on euro/swissy, expecting a retracement to the middle point of liquidity capturing candle 1.10300, possible strong reaction downwards towards sellside liquidity pool
An intresting range between 1.62000 to 1.63700 has formed on EUR/AUD 1H chart. Buyside and sellside liquidity pools have been created(equal lows, equal highs). Sellers have already been taken out, now its buyers turn :) I identified a set-up, now we wait for a retracement to 62%-71% fib level, half of the order(sell limit) rests on 62% fib/the middle point of that...
We have been in the Wyckoff distribution event phases for the last week. The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the...
I see set ups for GBP based pairs to rise within the next couple of days which gave me the indication EURGBP should fall as the reverse. Open order above to close out and I've had my eyes on an open order from the 3rd May 2019 below which also needs to be closed out at some point. These 2 levels are now my levels to play between to close out both taking out...
If the DXY drops from here, it's going to be a fun week
We've had a large open order from 2017 that still needs to be mitigated out, but prior to that bullish rally, we should see one more move to the downside for this mitigation to play out. I'm looking for a pull back between the 71.8 and 78 fib level for this to continue downwards. As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT