Looks like big players are trying to distribute their longs before a big move down. A breach of this bearish orderblock will invalidate this play and I expect a re-test of the trend line. Short here is good.
Stop loss at 110.800
Good luck.
Schematic of a typical wyckoff distribution
d.stockcharts.com/sc...offdistribution2.png
Stop loss at 110.800
Good luck.
Schematic of a typical wyckoff distribution
d.stockcharts.com/sc...offdistribution2.png
Yorum:
Be very careful with this. It is now broken the bearish orderblock and is inside. It can go either direction now, but momentum is gaining for bulls. I would wait for confirmation before going short here. I still have a stop loss and would short re-higher if need be, because the bigger trend looks to be to the downside.
İşlem kapandı: hedefe ulaştı:
BAM! Ez profit.