Traders, I see a classic Wyckoff accumulation pattern on a daily time frame on EURCHF.
After a strong bearish wave, the market started to trade within a horizontal trading range.
Even though, the price set a new low, consolidating, the market managed to return to the upper boundary of the range.
Yesterday, a high momentum bullish candle was formed.
The market successfully broke and closed above the range's resistance.
It makes me think that the described consolidation was the accumulation stage and a bullish movement is coming.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.