FTM USD - Potential Wyckoff Accumulation Pattern

15 ก.พ. 2022

FTM USD looks to be creating a Wyckoff accumulation schematic.

Price is currently showing signs of putting in a "spring" and we could expect to see one last test of the lower level of horizontal support which is where I am aiming to take an entry. Aiming to take profit at the top of the range.

15 ก.พ. 2022

บันทึกช่วยจำ

Here's a break down of how I am using a lower timeframe to refine my entry.

17 ก.พ. 2022

บันทึกช่วยจำ

Currently showing signs of LPS (Last Point of Support) which creates a higher low before moving higher.

Some would suggest that we should expect to see an increase in trading volume here. Though we are not seeing that yet.