EURJPY - Re-accumulation Trading Range Wyckoff and Orderflow
Although price is trading upwards I am looking for the market to pull back to the neckline of the previous re-accumulation trading and fill the gap in the current volume profile with trading.
If the market performs this action advances in an uptrend it will indicate absorption at this level and I will look to take a long when price breaks the neckline of the current trading range as indicated by the trajectory of the green arrow.
If the market performs this action advances in an uptrend it will indicate absorption at this level and I will look to take a long when price breaks the neckline of the current trading range as indicated by the trajectory of the green arrow.