The Cable is set to take out higher Targets before mitigating any of last week's imbalances.. Watch for wycoff phase C,Dand E to come
The pair is forming a distribution and it's on it's early stages.. Expect breaking of lower low and formation of a higher high.. The General direction is bearish,,however,,milk this few pips as we wait for phase E.
Grab of liquidity at 2050 before test of support at 2019.( Previous daily low) Price has obeyed upper trend line and will continue to do so.. As for the support, price has tested h1,h4,and will test D1 and w1 ( 2015 ) before further grab of liquidity at higher high .. Read the charts..don't create your own.. Give this a like..and leave a comment after the charts...
Watch for a break of higher high.. For wycoff.. it's U.T Also a touch for ascending triangle..expect a bearish move @ 1.24760 First resistance at 1.23120 I'll update you afterwards... P.S.. give a like...now and when the market goes as stated.. Wait and see
Expect creation of a higher high before bears take over Pivot point @ 1.24670 First resistances is @ 1.23120.. ...
Pivot point to short is @ 1.24620.. TP 1 @ 1.23120 Based on phase B whycoff distribution..(U.T )
Watch 1.23150....as resistance And bearish move to 1.20870 before any major retest.. (P.S. Wycoff U.T.A.D @ 1.23150... Go short on phase D and E ) Give a thumbs up...👍👍
Watch for creation of a lower low @ 1.20780... price will thereafter pullback( bullish ) to take out liquidity @ weekly high 1.22400 before it drops
Watch for break of lower low @ 1.20780 ...before a bullish impulse to take liquidity at support @ 1.22400.. Expect a drop afterwards to 50-61% fibb.. Enter specifically at those levels .....P.S...Check prior analysis before this...
Expect to test weekly low before bulls push to 1.22400. Liquidty is here...Bears will have there way from here
Wycoff accumation forming..phase C&D Price is climbing it's way up.. Watch for 1.12250..
Watch for a short to 1.34950 Enter long same point and ride bullish to 1.36400