GBPUSD short EXPLAINED (Wyckoff Trading Method, Pennant, SD)

In this Analysis I will explain why my thoughts on GBPUSD are short based off the Wyckoff Trading Method.

Wyckoff Price Cycle:

His idea came up with the four market cycle stages. This should illustrate the planes and the movements of the big players in the market.

1) Accumulation: The big players buy carefully
2) Mark Up: classic Up Trend
3) Distribution: Up Trend runs out of the steam and the market goes into a sideways trading range. The big players starts shorting the price.
4) Mark Down: classic Down Trend after distribution

Pennant Pattern:
- also we can se here a Pennant Pattern. I expect the price to break out in a mark down which would confirm Wyckoff.

Prediction and Targets:
- Targets for shorts are the Demand Zone marked in the Analysis.
- On the long run I see GU rising like marked in the Analysis

I hope you all enjoy my Analysis. Please leave a LIKE and a COMMENT. This was for Education Purpose. For people who would like more about the Wyckoff Trading Method you can write me on Telegram.

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