Nice Reversal Trade - Possible Trend change also - TRADING WITH WEIS WAVE WITH SPEED INDEX

Nice Reversal Trade - Possible Trend change also - TRADING WITH WEIS WAVE WITH SPEED INDEX

8 November 2019, 16:16
Panagiotis Diamantopoulos
2
376

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  reversal/retracement  trade AUDJPY - possible trend reversal - who knows and who cares ? Just get the move right 

Learn to read the charts - they Speak to you , you just have to listen:

1. High Volume Wide Spread Up Bar with no Continuation= Weakness

2. High Volume Wide Spread Down Bar with Continuation = Weakness

3. My favorite High Speed Index  30 on the up move -  This is where I have entered Short visible on Chart

4. Up volume wave but without the respective up pip wave move.

Broke the Fib Area and Now close to Support - will see what happens.

For your Reference this is how it looks like on a 3500 tick chart (which is approximately 1HR of ticks):


 


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