Explained my EU long from today taken on MFF challenge account phase 1. You have also some analysis for tomorrow.
A strong bullish weekly engulfing candle. What next? Let's find out.
Not a long one but packet with some useful info. The Wyckoff short was predicted. You can check my YouTube for more info.
Here's my 5 cents on BTC and what I see as a possible Wayckoff accumulation. For now the accumulation is not complete yet so we have to wait.
Nice displacement on 15m after Wyckoff distribution on an 1h OB.
Waiting to see if the Wyckoff schematic completes. Looking to buy.
Since TV doesn't allow to publish smaller charts then 15m I had to record a video. Yesterday there was a nice sell on EU based on an 1h OB ... the OB was an UTAD of a bigger Wyckoff schematic, and the mitigation of the OB (first UTAD) was another Wyckoff distribution on a lower TF.
The price will lower slowly. The 4h structure is bearish. From the last daily rally there is a lot of IB down below to be mitigated.
Take a look how well was the volume profile respected. A slight pullback at the start of the week could happen.
Still bullish. The price should reach the weekly supply zone.
A lot of liquidity was taken out of the markets in the last 2 days in EU. Despite the sharp decline in price on Friday I'm still bullish until a sustained break of the daily low.
Since the price didn't make a daily close below the daily OB there is still some chance for bulls to run in. On the 4h the price is still in consolidation/range
The price just tapped into 50% of 4h OB. Aggressive long triggered. Conservative longs waiting for confirmation.
The price created an 1h OB. There is some price displacement. The OB took some LQ. Now I'm waiting for a retrace in the OB. The only issue with the trade idea is, that price went a few pips lower then the daily OB. So extra carefulness is in place.
There is a very similar situation on AudUsd like on AudCad ... Check it out .. The target is a weekly OB - there is also some imbalance before the target on a weekly chart. It's interesting how close are: - 50% of daily OB - 61.8% fib retrace - the max volume line of the fixed volume profile As usual, find your edge and confirmation before entering a trade.