10MAY2021 GBPUSD MONTHLY Analysis
Wyckoff Schematics at play on the Monthly time frame.
- We can see the Automatic rally after selling climax being the largest retracement from the previous down move.
- This is followed by a secondary test (ST) and a Spring that breaks market structure showing signs of strength.
- Trend seems bullish
- We can see the Automatic rally after selling climax being the largest retracement from the previous down move.
- This is followed by a secondary test (ST) and a Spring that breaks market structure showing signs of strength.
- Trend seems bullish