EURUSD, Wyckoff Daily Accumulation and Weekly Distribution idea

٢ يناير ٢٠٢٢

In analyzing the weekly chart it looks as it´s in a current back-up (BU) of a distribution. If we zoom into a daily chart price just broke a wedge resistance and it could test this new support level and produce the BU for the weekly distribution.

Buy limit: 1.1330
SL: 1.1280
TP: 1.1580

RRR: 1:7