EURCHF:: SHORT :: WYCKOFF DISTRIBUTION + SMART MONEY CONCEPT
- This is for educational purposes.
The price action started with an accumulative move which initially had a SPRING or what I call FALSE SPRING (ON HINDSIGHT; though the false spring gave us good profit as well).
I am currently short biased based on the distributive schematic shown by price action.
I have identified a POI which might serve as an entry point.
Also, based on SMC target points are based on bullish OBs. More like point to point OB.
These targets will definitely not be smooth sailing
Disclaimer:: This is not a piece of financial advice. You are solely responsible for any trade which you take based on this analysis. Trading is risky. manage your risk very well.
Remember, we follow the footprints of the composite man because we cannot move the market.