GBPJPY Nice Plutus Reversal Pattern 90pips:-TRADING WITH WEIS WAVE WITH SPEED INDEX
6 April 2020, 12:57
0
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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:
Have hit Resistance several times
1. Fast move up with SI=7.3
2. Hard time to move down - volume without the respective pip move and High SI=25.3 (no such high SI on the entire chart)
Since we never broke down support of the 7.3 SI wave and if we break upwards the resistance formed by the 7.3 SI wave it's a classic Plutus Reversal Pattern.
So we did break up and the result was 90 pips up.
It does not get any easier than that, enjoy!
