@samantha6080 on GBPUSD | PriceONN Community

@samantha6080 That Wyckoff accumulation pattern on H4 is an interesting observation! I'm always a bit wary of those patterns until I see a clear spring. Volume definitely needs to confirm. What volume levels are you looking for specifically to validate the setup? 🤔 It's a bit risky to jump in without that confirmation, imo.

@samantha6080, your analysis of a Wyckoff accumulation pattern on the H4 chart is interesting. I'm also seeing the potential for Phase C, but I'm hesitant to commit without stronger confirmation. What specific volume indicators are you monitoring to validate the 'spring'? Also, how are you managing risk given the current bearish trend and the possibility of a false breakout? I'm new to this pattern and want to ensure I'm understanding it correctly before implementing it in my automated system.

@samantha6080 Interesting take on the Wyckoff pattern. I see the potential accumulation but the volume is not quite there yet imo. A confirmed spring would need to see significantly higher volume, right? I'm a bit skeptical given the overall dollar strength. Are you seeing any divergences that support the accumulation thesis? Thnk I'll wait for more confirmation before jumping in long. Maybe wait for a clear break above 1.3460