EURGBP: Wyckoff schematics (Accumulation) - Ready to move higher
---> SMART MONEY CONCEPTS <---
Here as you can see EURGBP formed a Wyckoff schematics and done it's accumulation.
Now it's ready to move higher offering a great risk to reward (1/10).
Logic behind the idea:
->After an extended move to the downside, market got in consolidation mode, in order to build orderflow to push the market higher.
->After the spring, where they took out all the liquidity which was placed below the Selling Climax support, they pushed higher with some sharp bullish candles, showing us a Sign Of Strength.
->Now the market came to fill the imbalance the big bullish candle left and test the institutional candlestick, in order for them to buy the last position to push the market higher.
->Our job is to understand the Wyckoff Schematics concept and enter the market in the most favorable price, which will offer us a very good risk to reward ration.
GOOD LUCK GUYS & HAVE A GREAT WEEK ! ! !
Here as you can see EURGBP formed a Wyckoff schematics and done it's accumulation.
Now it's ready to move higher offering a great risk to reward (1/10).
Logic behind the idea:
->After an extended move to the downside, market got in consolidation mode, in order to build orderflow to push the market higher.
->After the spring, where they took out all the liquidity which was placed below the Selling Climax support, they pushed higher with some sharp bullish candles, showing us a Sign Of Strength.
->Now the market came to fill the imbalance the big bullish candle left and test the institutional candlestick, in order for them to buy the last position to push the market higher.
->Our job is to understand the Wyckoff Schematics concept and enter the market in the most favorable price, which will offer us a very good risk to reward ration.
GOOD LUCK GUYS & HAVE A GREAT WEEK ! ! !