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GBP JPY perfect Wyckoff Trading setup

לונג
FX:GBPJPY   לירה שטרלינג / יין יפני
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Follow the trade plans and notes. Make up your own trade setup and make sure you meet with the required confirmations first, before you make your move!

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Trade Setup


i) we had a long downtrend towards very strong support.
ii) The Blue lines indicate the Accumulation process on the chart. This confirms that the market might be accumulating at this point. The
breakout through the upper level of the Accumulation range confirms the end of the Accumulation and the beginning of the uptrend.
iii) Currently market is in Wyckoff spring point, a perfect Wyckoff trading strategy..
iv) we can enter long once market breakout of the blue line with SL below Wyckoff spring.

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