AUDJPY Ready To Break Up - TRADING WITH WEIS WAVE WITH SPEED INDEX

AUDJPY Ready To Break Up - TRADING WITH WEIS WAVE WITH SPEED INDEX

25 November 2019, 16:34
Trade The Volume Waves Single Member P.C.
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Setup 1HR chart

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

Looks Like AJ is ready to break up 5. Resistance. Let's read the chart : LOOK LEFT

We have hit Daily Fib Area several times and the down waves have hard time to hit the Daily Fib:

1. High Speed Index of 28.2

2. High Speed Index of 39.6

3. The forming down wave have just Hit  4. 1HR Fib area with a High Speed Index 32.7


Considering all the above the forecast is Long but it go all the way down  to support (Daily Fib) before moving up. Let's see.

to be continued...

Update: 28/11/2019 14:00 EET

Forecasted correct and broke 5. Resistance (it took 3 days - that's why I am always saying "you have plenty of time", large institutions need time they absorb little by little). These guys are unbeilevable large pin bars noting a short to everybody but it was all fake and we went up as forecasted. 

Then we hit 6.Resistance and moved down but my Bias is still Long at least up 6. Resistance again.

My orders are visible on chart (first order closed with 30 pips profit and second one still running).

Enjoy the magnificent Speed Index !!!






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