USDCHF Ready to go Bearish?-TRADING WITH WEIS WAVE WITH SPEED INDEX

USDCHF Ready to go Bearish?-TRADING WITH WEIS WAVE WITH SPEED INDEX

7 May 2020, 20:26
Trade The Volume Waves Single Member P.C.
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Setup : 4Hour 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: 

1. Hit Resistance several times

2. Very High SI of 23.4 on the last up wave - nothing like that on the up moves on the entire chart

3. High Volume up wave but pip move not the expected for that volume (effort vs. result)

So I have placed my short orders without waiting to break Support - let's take some risk.

to be continued.....


Update: 10/5/2020 10:00 Greek Time

Forecast correct - 33 pips after the Break then hit the Fib Area with also happens to be the Monthly Pivot 

On order closed and the 2nd one still running.



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