Potential accumulation Wyckoff schematic on AUDUSD

Mar 8, 2021

As you can see on the 5m chart it looks like a accumulation schematic may be playing out on this currency pair. We got what looks like a second test of the lower bounds around 9:30am this morning. I will be keeping an eye on this pair over the next day or two to see if our pattern keeps playing out.

Mar 9, 2021

Note

We may of seen our spring around 2am last night with a strong push to the upside. May be time to be looking to go long now depending on whether or not we break resistance from phase B.

Mar 9, 2021

Trade active

Broken highs from earlier in the buildup so now going to start opening long positions on pullbacks

Mar 9, 2021

Trade closed manually

No real movement above the highs so closing my positions and watching for now.