📍 Chart: EURUSD — Monthly
📈 Tools Used: Wyckoff Logic, Volume Profile, Candle Volume Analysis, Trendline Structure
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🔍 Market Context
Since 2015, EURUSD has been ranging between ~1.05 and ~1.15, forming a broad horizontal consolidation zone. This structure appears to resemble a potential long-term accumulation phase, according to Wyckoff theory.
Recently, we've seen a breakout of a multi-year descending trendline, accompanied by a candle with volume significantly above the historical monthly average. This is not a minor signal — it could indicate strong institutional interest and a possible Change of Character (ChoCh).
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📊 Volume Profile Observations
- Volume has been heavily concentrated around the 1.13–1.14 region, suggesting this may act as a springboard for higher prices.
- The breakout candle didn’t yet escape the overall range, but its volume and momentum show a clear deviation from previous attempts.
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📐 Technical Structure
- ✅ Break of descending trendline (in place since 2008 highs)
- 🔺 Monthly close above trendline with strong volume
- 🟧 Price still within the upper half of the 2015–2024 range and pushing
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🧠 Wyckoff Interpretation
This could be a Phase D transition — where price begins testing the upper boundary of the accumulation. If a breakout above 1.20–1.22 occurs with confirmation, we may see Phase E: the mark-up.
In this case, a major macro trend shift may be underway.
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📌 Conclusion
EURUSD may be in the early stages of a long-term bullish reversal. Volume, structure, and context all support this hypothesis — though confirmation would come only with a decisive breakout from the range.
Many trades and allocations oportunities on the way.
Not financial advice. Educational use only.
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🧭 What to watch next:
- 🔹 Monthly close above 1.16 (high volume candle)
- 🔹 Volume confirmation in breakout
- 🔹 Retest of volume cluster around close of high volume candle (1.13-1.14)
📈 Tools Used: Wyckoff Logic, Volume Profile, Candle Volume Analysis, Trendline Structure
—
🔍 Market Context
Since 2015, EURUSD has been ranging between ~1.05 and ~1.15, forming a broad horizontal consolidation zone. This structure appears to resemble a potential long-term accumulation phase, according to Wyckoff theory.
Recently, we've seen a breakout of a multi-year descending trendline, accompanied by a candle with volume significantly above the historical monthly average. This is not a minor signal — it could indicate strong institutional interest and a possible Change of Character (ChoCh).
—
📊 Volume Profile Observations
- Volume has been heavily concentrated around the 1.13–1.14 region, suggesting this may act as a springboard for higher prices.
- The breakout candle didn’t yet escape the overall range, but its volume and momentum show a clear deviation from previous attempts.
—
📐 Technical Structure
- ✅ Break of descending trendline (in place since 2008 highs)
- 🔺 Monthly close above trendline with strong volume
- 🟧 Price still within the upper half of the 2015–2024 range and pushing
—
🧠 Wyckoff Interpretation
This could be a Phase D transition — where price begins testing the upper boundary of the accumulation. If a breakout above 1.20–1.22 occurs with confirmation, we may see Phase E: the mark-up.
In this case, a major macro trend shift may be underway.
—
📌 Conclusion
EURUSD may be in the early stages of a long-term bullish reversal. Volume, structure, and context all support this hypothesis — though confirmation would come only with a decisive breakout from the range.
Many trades and allocations oportunities on the way.
Not financial advice. Educational use only.
—
🧭 What to watch next:
- 🔹 Monthly close above 1.16 (high volume candle)
- 🔹 Volume confirmation in breakout
- 🔹 Retest of volume cluster around close of high volume candle (1.13-1.14)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.