Wyckoff Says USDJPY will Drop

The Wyckoff Smart Money Schamtic has played out on the 4 hour time frame throughout last week.

And in the C stage of the Schematic, it is once again playing out in the 1 hour time from. The Upthrust after distribution has now turned into the new Buyers Climax. And you now have more new tests of lows and highs within a range with a new Upthrust on the 1 hour time frame.

Looks like we need a Show of Weakness and then a test on the UTAD, 1 test away from wicking a sponsor candle for a 200 pip loss. Give it a few hours and that bullish sponsor will show it's face. Enter on the entry of that candle for a sell and Watch it ride. Any Smart Money traders have any input as to what else I should be looking at in this schematic? Any input from a Smart Money trader would be greatly appreciated.

Dagangan aktif:

9 days and 102 pips later. We're still going. Many partials have been taken.

Komen:

I accidentally used the snapshot of a different chart with a ruler instead of the shorting tool