Over the last 3 years, EURUSD has undergone a classic Wyckoff method accumulation, starting with a selling climax in early 2015, and ending with a Sign of Strength and Backing Up Action in the second half of 2017. The Mark Up phase is well underway, and horizontal Point and Figure counts that span the width of the accumulation point to the potential for new highs...
OANDA:USDCHF is likely forming nice daily support formation @0.9735 area, typical shortening of the thrust. in 4hrs chart, price made nice potential higher low formation and I am hunting for bulls here. 0.9850 is my minimum daily target. let see if there is nice friendly spot for long entry.
Since I was looking for bearish at GBPUSD ( ) I also spot another bearish for GBP on GBPJPY OANDA:GBPJPY .
Right now the pair give nice pull back, let see it will give selling signal around / below 152.50 area.
This may be the last Daily bearish signal trying to push lower. We saw many Bearish signal, but GBPUSD can't go to around 1.2800/2500 level area. if this nice bearish signal can push the pair down deeper, I must consider more on Bullish side.
The Wyckoff cycle is a well-known price cycle that is really powerful. In 2 years of trading, I never saw anything that close to it, at least not on a higher timeframe like the daily timeframe . It is clear as day! That being said, could we consider an upside continuation for 2018 ? USD would continue to lose value, pushing the price up? EUR would go up as well?...
OANDA:GBPJPY
$GBPJPY , Selling pressure is shown since 15 Sep'17. Great Weakness also shown at 25 Sep17. the pattern is making Trading range here. I am shorting here first and see if the price can break 149.70 low to confirm distribution pattern after long bullish in 4hrs chart.
Daily chart show that GBPJPY just break the trading range, and that confirm for...
