this is a very nice example about how to apply wyckoff schematics in the exchange market
Using the Elliott Theory we can see Markets has completed the cycle of impulsive waves, now we can expect a downward move to complete the corrective fase.
price is moving in a downward trend now we can expect a new impulsion downward to complete the waves cycle.
GBPNZD has complished the wyckoff cycle .... the result was the upward move.
Here is an example about the wyckoff cicle ... price moved from supply zone to demand zone.
I am just updating the analyse I've posted before, price moved exactly as expected from demand zone to supply zone
we can see how price move in terms of liquidity ..
As we can see the supply zone became demand zone ... after finished the market circle it moved in a corrective fase ... as A,B,C applying Elliot Waves
if we look in a high time frame we can see that NZDUZD after a impulsive move is moving now in a corrective fase ... and its almost completed as price approuches to demand zone.
We can see how price move from demand and supply zones ... and how the liquidity is created