It is not possible to show the whole and more clearly diagram since it was done in M3, but here the price is in a very high liquidity zone in H4, so we look in micro for wyckoff structures. The entry was taken in back up to creek, just right after when there was BOS.
This is one of the longest and highest R/R trades I have had so far.
This is a example of how I trade a full impulse in a downtrend. My mistake with the SL was due to the wrong entry price, I should've waited for the correct OB (order block), since those are important OTES for the "whales" in the market. Also, it follows the normal fases in the wyckoff method, after acumulation, it comes the markdown of the market movement.
Here there is another wyckoff method in which I got the entry on London session, the test of the spring was quick, that is I took the entry on M1, almost got my SL, but it stopped in the 1m OB. This whole diagram was in a liquidity zone in H4.
This is what I expect for EURUSD based on Wyckoff method, I may say that the the spring was already done in NY time, since the price is a liquidity zone in macro, so the price may go up to capitalize and then continue with its tendency, these are trades with very low SLs in order to have a very good R/R
BTC is about to end it's phase D, and begin its mark up rally. Expecting the price to go till 49K within the end of this month.
To those who arent familiar with wyckoff cycle. Note how price reacted at the 34529 price level. When it broke the level, it came back in strongly with good volumes. Going with the basic economics, It tells how increased supply didnt...
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice.
The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown.