EURGBP: Accumulation Schematic 1: Wyckoff Events and Phases

26 May 2018

For those who use wyckoff, we can see on the daily how the EURGBP is getting ready to move upwards. Wyckoff's logic is almost never wrong (when used right) and I believe here in this chart we can see the Accumulation Schematic 1 after a selloff starting to form up. For phases C, D, and E, the lines I placed are not to be used as predictions, just a way to see the full spread of what is to be. Phase C may not be over this month, and I suspect phase D to be a bit longer. But, you can look to the lower support lines as positions to set your longs to get ready for the impending increase.

27 May 2018

Not

Just a reminder this is not financial advice
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