In my analysis of AUDCAD, I pinpointed a specific area marked by ultra-high volume, suggesting a potential retest of this zone. It's worth noting that such areas are typically revisited in the majority of cases, prompting the question: am I anticipating weakness in this currency pair? Maybe, maybe not... Let's delve deeper. Examining AUDCAD on the weekly...
12M/6M timeframe is a possible distribution Schematic that I think is currently in phase B. Phase C,D and E are yet to form. We shouldn't trade a distribution schematic till phase E but if a distribution Schematic 1 forms then we can trade phase C once a UTAD has been created(still risky and should wait for phase E as this is a more conservative approach). If no...
Short silver in the short/mid term, buy long term. With so many impulses on all timeframes my analysis led me to identify Wyckoff Phases across these time periods and in confluence with each other. For ease I will only be looking at the monthly and weekly timeframes. The Wyckoffian Logic would suggest an accumulation (eventual price increase) or distribution...
As my previous analysis, i still stick to the same hypothesis you can refer to my previous post of Inari in which i cover in depth in Pure Wyckoff Methode Perspective Trade initiated yesterday (as attached)
BTC was up roughly 70% from October 5 to December 5 with the current price action observed within a horizontal trading range. I will be opening a long position on the Spring position around $40,000. If the Spring fails then I will exit the position at a small loss. I think we will observe a sign of strength (SOS) rally that will take the price to around...
The great Wyckoff cycle is over, the new great cycle is near, interesting purchase in DCA for the long term. Canadian company in the recycling of plastic waste with a unique and revolutionary technology. Some scandalous articles in the press here and there, which given the share price seems to me to be a possible manipulation to keep the price low (personal...
This is for short term Marked Possible Sell zone Once Reached Entry zone Look for Liquidity sweep and BOSin LTF then Enter And this is risky too. Please DYOR before entering the trade.
Looks like Enphase is reaching a Wyckoff accumulation phase with channel resistance helping to direct price into the accumulation schematic. Spring could bounce off resistance turned into support. Price to seek imbalance at the gap around 0.618/golden fib zone. This target zone coincides with a line of best fit/trend line through Daily price chart
This is for short term Awaiting for News Release. Marked Possible Buy zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
Although on the H1 there's a short rally, on the higher timeframe such as 4 hours, there's a peak formation on the tip of the LQP. Since the high of the week is established, I don't expect GBPJPY to rally any further to touch the high of the week. (At least this week). My eyes are on the next MLQP, 180.000.
This is a mixture of Wyckoff and ICT ,so bare with me. We are at the end of the phase cycle. We would technically be in PHASE E, which would be where the market trades outside the TR ( trading range) . Now the market is consolidating as a retest to the top of the TR. It will either hold it or retrace back to 50% of the TR which would also be at an Discounted Area...
Okay traders hope you have a great weekend ! after a unusual drop in November price recovered very soon with a very good strength ! but it trapped in long term side way ! but its a good thing and why is that ! it shows us that the price does not want to see that lower prices anymore ! so the price tested the key level of the previous drop and ready to go up !
Ok Traders ! hope you enjoying your life ! first of all what do we want to see in phase c ? -strong rejection: point of fear : traders start to panic in downtrend and close their positions and open a new short positions to take gains . participation of buyers : for fundamental reason market makers and other whales see an ...
With the closure of the current sideways BU/LPS move to the upside, it would initiate the phase E of the accumulation with a break and mark up towards an ATH. From that point on we would see how price maintains itself above the 3 year resistances and if in turn, rejection is too strong and we enter a long term distribution scenario. I believe it to be highly...
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I believe BTC is in the distribution phase now. It might be heading to fill in CME gap between 27,360 - and 28,750as UTAD and then down again.
For the past couple of days, GBPUSD has been ranging with some wide swings . Anytime price consolidates, we refer back to the Wyckoff's Theory to understand what's happening and where price is likely to head next. After the 3rd hit to support level, the pound finally dropped . We know the purpose of this drop and what happens next. However, the pound has now...