Wyckoff strategy on eurusd
Volume Spike: A clear increase in volume around September 25th coincides with the price rally, indicating strong buying interest and confirming the markup phase. However, as price peaks near the end of the 27th, the volume begins to taper off.
Bearish Volume Surge: On September 30th, volume spikes as the price drops, indicating that institutions may be driving the price down after distributing their positions.
Distribution Phase: Occurred around September 28th-30th with signs of volume divergence and liquidity grabs.
Markup Phase: Clear upward movement from September 24th to 27th.
Sell Setup: Look for a retracement to 1.1160 - 1.1180 for an ideal short opportunity, with SL above 1.1200 and TP around 1.1100.
Buy Setup: Enter near 1.1100 if a bounce or support holds, with SL below 1.1080 and TP around 1.1150.
Bearish Volume Surge: On September 30th, volume spikes as the price drops, indicating that institutions may be driving the price down after distributing their positions.
Distribution Phase: Occurred around September 28th-30th with signs of volume divergence and liquidity grabs.
Markup Phase: Clear upward movement from September 24th to 27th.
Sell Setup: Look for a retracement to 1.1160 - 1.1180 for an ideal short opportunity, with SL above 1.1200 and TP around 1.1100.
Buy Setup: Enter near 1.1100 if a bounce or support holds, with SL below 1.1080 and TP around 1.1150.
Komen
exit now
Penafian
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