USDJPY Classic Short for at least 30pips could go more -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)

Classic Short

Our Story:

1. We are at Fib Area

2. High Speed Index every time we are moving to the  Fib Area (SI: 22.5 , 35.3, 18.8, 23.4) nothing like that on the left (previous up waves) on our recent history which means hard time to move up. 

3. That was an easy short for at least 30 pips but watch out now because have hit a major Support Level coming from Daily and Weekly Chart. Some buyers showed up at the bottom if you look at 5min charts, let's see if they are able to reverse the trend. My forecast is that most probably it will break that Support level and move to the next one- let's see!

to be continued...

Update 6/3/2020 9:52 Greek Time

Forecast correct - we broke Daily Support as promised

Update 8/3/2020 23:55 Greek Time - What a move , more than 320 pips from the High SIs.