GBPJPY Classic Plutus Short Sell 60pips -TRADING WITH WEIS WAVE WITH SPEED INDEX

Setup : 1Hour Chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)

Our Story:

Not much to say this is Classic Plutus Sell pattern, happen right at support.

Speed Index of 10.6 on the down wave and a low speed index 2.9 on the up wave (very fast fake up move before the break) Ratio of 10.6/2.9=3.6 quite high.

So down we go 60 pips

This is the magic of Speed Index.

... and kept going 146pips