The price movement created a trendline at the retracements of the price to the downside. There's a slight liquidity zone just below it, so we are watching this area.
If 1.345 is taken out, then we're entering the liquidity zone below and will be looking for trades there.
In the meantime, keep calm and safe trading.
I'm still having parts of this trade open, as the price is retracing back to the previous demand zone, showing some signs of reaccumulation. We're still aiming at the 1.151 - 1.157 range, but this can take some time, so be patient.
We already had few accumulations on HTFs with EU, and as the markets are slower these last few days of the year, we're being quite careful.
The price took out some liquidity lately, but there's more to gain from above the 1.12 - 1.14 range.
Getting my entry on the last OB, with the Break of Structure to the upside yet again, with 2 positions and a SL just below...
with the bullish flag formation, which the price exited already, there's a good chance of the price going higher if it brakes the $11.14 point.
Often a bullish flag suggests Wyckoff reaccumulation, which is evident here, with the price reaching the 'TEST' in the last phase last week. I'm keeping my eyes for longs this or next...
After a long inverted head and shoulders formation on HTFs, the price came to the top of the structure. Now it's reaccumulating on LTF, to break out above 15,40 and then continue above 16,00 once it reaches that level.
Inverted head and shoulders and Wyckoff is in play. There's a possibility that the price will move around a bit, before reaching 15,40 though, so...
After this week's bearish rally of EU the prices seem to stop to build a pre-continuation accumulation structure. Mr. Wyckoff comes into play with a clear PS (preliminary support). Glad to see it around this area, as we're clearly 'touching' a lower channel line (1H structure). What can we expect? As usual some fakey fakey(!) should come into play, not only...
GBPJPY After a month-long battle out/ above the 📈4H/ 8H channel, the price came back to retest it last week at around 149.000 level. It accumulated around there for a bit and now it looks BULLISH, probably re-accumulating again, before taking off.
Historically I'm aware that GBPJPY likes to respect 0.618-0.786 FIB retracement areas a lot. 👍And I'm couting on the...
USDCHF We're currently in a long lasting upward channel. Price creating LLs and LHs, currently creating another LL with a SPRING?
August showed few clear Wyckoff schematics and I'm considering some setups around the mentioned areas (especially 0.90500 - 0.91000 area).
With still some room in the Stoch for an upward move on higher TFs, the 1H is showing signs...
GBPUSD price retraced to the 0.618 - 0.786 area 📈after a Monday rally, almost reaching my POI at around 1.37600. The Stoch enters the oversold area on 30m and 1h.
With a small re-accumulation 📊around 1.37000 the price broke that level and is currently heading higher. It can retrace back to around 1.36800 and head even higher to >>POI<< and 1.38000.
NZDUSD >> after a nice accumulation over last week, we finally got to a mark-up closing in to a 0.618 - 0.786 FIB retracement area. 📈
What's happening next? Few options here. Either we'll enter into a distribution, which can nicely fill up the inefficiency around a round 0.70000 level and continue lower to 0.68000 OR we can keep getting higher to target some SLs...
EURUSD | price left 1.16739 area nicely, but it I'm expecting a nice come back to 61-78% fib. Stoch confluence entering 'oversold' area last week put EU on a waiting list. 👌
BUY ⬆️ @1.16867 ❌SL: 1.16742 ✔️TP: 1.17211
Please use your own due diligence and size accordingly.