wyckoff

EURUSD has jumped the creek and reached the top of the Wyckoff accumulation range. At the beginning of April this jump was indicated following a spring and tests of the spring (See posts below). A possible consolidation and back-up to the creek should occur before the mark-up in phase E starts. Will be watching for longs once the consolidation has completed in the ...

Wyckoff Phase analysis. Going long.

-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence -lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x -higher time is in uptrend- pulling back and in area of support

Making the case that the market has been in distribution of the USD since early in 2015 when a buying climax (BC) occurred. Since then the USD has been in a trading range with Signs of Weakness (SOW). Most of 2016 low volume adsorption occurred with an upthrust using the presidential elections as springboard. In 2017 we have seen signs of weakness with increased ...

$AUDJPY could be a form a bullish reversal in daily chart. therefore, any selling in intraday should not be consider for a long run. look at strong daily bar at Jun 7, 2017. it indicate a strong buyer and possibly will continue up. I am monitoring 82.60 break for down move. if this a solid work, it will drive to south, but will watch out for any support. I don't ...

$USDCHF daily look also bullish, but the price may go south for re test the support in short term time, before it goes north for longer time frame. 0.9740 - 0.9725 will my watching area for support level, as I sold at UT formation.

Daily $USDJPY price clustering at tight range, the price may rebound to north side from here. I am watching closely for smaller time frame (4hrs - 1hrs) for medium term trading strategy. 111.00 to 114.00 range area for bullish or 111.00 to 110.00 area. I think the the market will shake all seller first before it goes much to the south. but if north side is true, ...

Good R:R ratio, not my favorite setup though.

Potential for strong momentum is shown.

Range broken channel starting to form, close to the start of the trend.

The NZDUSD is going through accumulation as is the AUD and EUR. Based on a Wyckoff logic a spring is potentially forming. NZD has shown signs of adsorption volume in Phase B while showing strength in an upward channel. Once the markup starts this pair is a good option to follow the trend due to the strength shown.

HL and HH forming in a channel. Waiting for pullback to complete and looking for the markup to start.

Following the Wyckoff logic the pair has shown signs of accumulation. Price could find support on the yearly pivot in the coming week or two. OBV has declined more than price showing effort without response. Waiting for some volume to return and the markup to start.

USOIL Buy @48.85 SL: 48.60 TP: 50.00

AUDJPY is in the down trend. AUDJPY bounced strong resistance level around 83.75-84. It will continue move down, most likely. Pullback may be good opportunity to join the trend.

As for the EURUSD the AUDUSD has gone through an accumulation phase. With some widening spread on increased volume a change in character is being seen. This sign of strength (SOS) possibly indicates the Last point of support (LPS) has been established and the markup can start. Will watch for the development in the following weeks to see if the creek will be jumped.

USDJPY Limit Buy at 108.83 Price broke consolidation area and broke 108.65 test Squeeze momentum divergence Target 1: 109.70 Target 2: 110.65

AUDJPY shows no demand on rally up. If next bar close below London open one, move to downside is most likely.