EURUSD - This how a Wyckoff Spring Formation looks like
Every chart has a story to tell and this is the story of this chart
The Story:
Result 68 pips and now ranging. Looking for the next entry with the classic text book entry "Exit from Range with Plutus"
Enjoy!
Learn to Read and Trade any Market
The Story:
- We are on a heavy down trend
- Broke Support Level but with a very high PVR
- This High PVR on the down wave were buyers. How do I know? I do not at that time, but I do know later on because price never broke the low of the down wave
- Fast move up
- The confirmation is the down wave with the High SI of 15.0 = HTMD (Hard to Move Done)
- ...and finally the entry is the up wave breaking the resistance level + more confirmation the PRL signal
Result 68 pips and now ranging. Looking for the next entry with the classic text book entry "Exit from Range with Plutus"
Enjoy!
Learn to Read and Trade any Market
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Site: tradethevolumewaves.com
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