
Nice 130 pips on USDCAD - TRADING WITH WEIS WAVE WITH SPEED INDEX
5 December 2019, 23:33

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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)
Read the market properly and forecast the next move - this what happen for on more time - 130 pips move
- USDCAD formed a Resistance Level
- Read the SIs - The SIs are much higher on the up waves (72, 23.1, 20.3, 29.8, 23.5, 27.3) than on the down waves.
- High Volume up Waves but small pip moves for the respective volumes.
So what do you think is going to happen ? Well - Short.
Therefore I have placed 3 orders (visible on chart) and got a nice 130pips move * 3= 390 pips. Not bad at all !!!!