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I have taken some pictures of the trade in real time to show how the candles print on the screen. You can see a WYCKOFF accumulation on a low 5 minute time frame on the bottom left of the screen, then you see a retest of the bottom of the bowl shape, on the right of the bowl shape. I did not buy at the bottom, at 1.275, I bought at 1.27568, to see the candle reaction, as we face lower trade volumes after 8pm. Notice all of the green horizontal lines. These are lines of support from the previous structure, where I have plotted everything just buy looking at the candles. The next part to this is, the fact that I have used a Fibonacci retracement tool to show me roughly where to look to take my profits. The green support lines going across the screen are now RESISTANCE lines. I have a feeling price will break through all of the resistance lines and continue to go towards 1.285- 1.288. My trade is up: between $1000 and 1200, trade was opened 29 minutes ago. I hope this helps anyone who is reading this. You can analyse this and try and incorporate it into your strategy. This is not the strategy I use, thats something else. Ignore the indicators, I have tuned them all to give me the readings I am looking for. submitted by /u/DivitReddits to r/Forex |