USDJPY Plutus Reversal 80 Pips and Going -TRADING WITH WEIS WAVE WITH SPEED INDEX

USDJPY Plutus Reversal 80 Pips and Going -TRADING WITH WEIS WAVE WITH SPEED INDEX

28 April 2020, 12:55
Trade The Volume Waves Single Member P.C.
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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:

We are ranging for 8 days within an 88 pip range, until they decide what to do. I got in Short in the range after seeing:

1. First High SI of 32.8 and Hard time to move up.

2. a Plutus Reversal Pattern Short  occurs  , SIs: 6.6 anf 27.7 that is more confirmation that it  is a Short trade (this is where I placed two orders Short) and we break the range in direction we predicted. 

3. then we hit a 4HR Support  and start retracing but the way up is not that easy again , another Plutus Reversal appears and that's another short, down we go breaking support

One order closed with 80pips profit and the second one stil running, visisble on chart.

This the Magic of Speed Index.


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