Nicktay12345

Stop Extended Slightly - Move down to begin

Viés de baixa
FX:AUDUSD   Dólar Australiano/Dólar Americano
After extending my stop slightly to accomodate this pair begrudgingly, I have now observed a near perfect Wyckoff schematic of distribution on the 5m timeframe.

If I am correct the institutions will begin their sellof shortly as I believe we are in the last phase where we saw increased volume with a rather weak reaction compared to the previous test where we had no volume but an increased spread and reaction.

As always, please be responsible with risk and manage your trade.
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