Wyckoff forex part two – London forex session this morning

One of the key currency pairs when considering sentiment is to focus on the AUD/JPY and over the last couple of days we have seen the first signs that perhaps risk on sentiment is returning slowly. In particular yesterday we saw heavy buying on the pair with a deep wick to the lower body of the candle and sending a strong signal the market makers are buying. Using Wyckoff principles in forex is a powerful way to forecast future market direction and this is an excellent example. This is confirmed with other risk markets with equities rising.