Looking at the 5m chart of this pair I noticed a similarity to the wyckoff accumulation schematic. It has been hovering around a daily key level for the day which would give the indication that the pair is ready to move.
I'd ideally like to see a higher low being formed on the daily timeframe and look to get to higher highs.
Please comment your thoughts if you know anything about wyckoff - this should be going to the third and final phase of the accumulation if I am correct.
I'd ideally like to see a higher low being formed on the daily timeframe and look to get to higher highs.
Please comment your thoughts if you know anything about wyckoff - this should be going to the third and final phase of the accumulation if I am correct.
