EURGBP: Accumulation Schematic 1: Wyckoff Events and Phases
For those who use wyckoff, we can see on the daily how the EURGBP 0.85% 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.
Just a reminder this is not financial advice, however, if this study helped you make money,
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