EURJPY - 60 Pips This is Why - TRADING WITH WEIS WAVE WITH SPEED INDEX

EURJPY - 60 Pips This is Why - TRADING WITH WEIS WAVE WITH SPEED INDEX

27 September 2019, 14:02
Panagiotis Diamantopoulos
0
77

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)

Nice 60 pips

Let's read the chart.

  1.  We have 4HR resistance which also happens to be a Fib Area
  2.  High Volume Pin Bar touching the 61.8 Fib
  3.  Down Wave with a High Speed Index of 69.4 - nothing like that on the previous down moves, that's "Change in Behavior"

 

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