Now this is one trade I took thinking of Wyckoff. EUR/NZD looks like it's in final, distribution phase.
However this is not a standard DT set-up, although I marked a DT area on the chart
A highlight of the Wickoff Accumulation-distribution analysis below. If price doesn't get out of the distribution area dotted in red then we're just in another accumulation phase. Getting out of that area would have been the confirmation of a distribution area.
However this is not a standard DT set-up, although I marked a DT area on the chart
A highlight of the Wickoff Accumulation-distribution analysis below. If price doesn't get out of the distribution area dotted in red then we're just in another accumulation phase. Getting out of that area would have been the confirmation of a distribution area.
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