Would love some insight into this potential Wyckoff accumulation.
So far it looks like smart money is constantly taking out those lower lows in a consolidation phase to take away retail investors going long and release some liquidity.
Coming to the end of a Secondary Test b (or potential spring)???
This is the first time I've plotted a potential Wyckoff ac...
. EURUSD has broke the hourly ascending TL twice.
. EURUSD respecting the 1.13590 Resistance Lvl.
. Currently waiting for a pull back with a strong bearish candle close around 1) previous level of resistance 2) Also a Fib level of .618.
Already have a large holding of MATIC but this potential dip could be an opportunity to increase holdings.
Looking at retracement level followed my descending trend line breakout.
ATHS have already been surpassed and overall sentiment for Polygon up as with a ton of other Alts.
Heavy resistance hit multiple times on the 4HR chart, ascending trend line after gap is also being respected. However, due to current nature of the pair expecting a break and a possible gap close dropping to a previous trend level.
Lovely set up into next week. Cross over of both 4H and 1D MA. Also currently on a daily 3 bounce. The rectangle marks the point where the market tried to push down however the proceeding candle denied the move lower. Will look for a close above the minor horizontal line to break previous resistance. This is what I see, this is my next move. Find what works for...
Simple price action. Multiple retraces before continuing the lower trend. Don't believe this to be different. Still uncertainty surrounding Brexit, so do not believe it has the bullish momentum to push past resistance and make a reversal higher. We shall see next week. Stops and TP set
Extremeley overbought, in need of a retracement sits nicely for a continuation trade. Will go short on resistance dependent on the candle close, snatch a few pips and look to re-enter long again watching the news in r.e to unemployment claims and ISM manufaturing.
Spotted a possible cypher completion, trading fundamental the outlook looks okay/ish. Nothing to really stop the rally in the USD. The completion of the C leg would be a perfect oppurtunity to short, being a strong resistance level. Guess we'll see
Hourly chart shows a bearish signal. Will continue to the 1.6410 area before continuing with uptrend. Waiting for the retracement into the .682, 1.6647 before going short. Stops just above visible resistance. Oversolf conditions which is why I have marked possible points for entry.
Watching the minor pull back to previously strong support and trend line. Then looking for a completion of leg 3 and a retracement back into the .382/.5 with a strong hold on support will look for a continuaiton of the trend.