Most of the traders will go long on the re-test of ascending triangle at 1.1385 area .
Since EU is in accumulation phase from November 2021 , ALL long SL is below 1.1190 area so MM will break it below
1.1190 to take out longs SL and that will be bearish breakout after bullish breakout falling above 1.14 .
and trapping traders in the shorts . that will be
complete of Wyckoff spring .
Hope this idea helps you if you like it plz do comment and share
Since EU is in accumulation phase from November 2021 , ALL long SL is below 1.1190 area so MM will break it below
1.1190 to take out longs SL and that will be bearish breakout after bullish breakout falling above 1.14 .
and trapping traders in the shorts . that will be
complete of Wyckoff spring .
Hope this idea helps you if you like it plz do comment and share
Comment:
we reached in the bottom of Wyckoff spring .