Here we have Smart Money concept in play. first we had the distribution phase on the top prior to the markdown (sell-off).
After the selloff the price had been taking liquidity on the demand zone (bottom side).
the market shows a wyckoff accumulation (you can google Wyckoff schematic if not familiar with it), and based on that, the real smart MONEY MOVE is about to play out.
PS: based on the price action, we may have a 400+ pips move
Note: this is not an advise to go ahead and buy this pair. Trade at your own risk
After the selloff the price had been taking liquidity on the demand zone (bottom side).
the market shows a wyckoff accumulation (you can google Wyckoff schematic if not familiar with it), and based on that, the real smart MONEY MOVE is about to play out.
PS: based on the price action, we may have a 400+ pips move
Note: this is not an advise to go ahead and buy this pair. Trade at your own risk
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.