AUDCAD 50pips and going- TRADING WITH WEIS WAVE WITH SPEED INDEX

Setup M30 Chart

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

First things first : WHERE ARE WE ON CHART?

1. We are at Daily Resistance and at the same time this a an area of 50-61.8 Fib on a weekly chart.

2. First Push Down - High Down Volume - Small Pip Move and a High SI of 12.6

3. Second Push Down - High Down Volume - Small Pip Move and a  SI of 8.9

4. Hard Time to move up - High Up Volume - Small Pip Move and a High SI of 11.6

5. Third Push Down - High Down Volume - Small Pip Move and a High SI of 12.8

6. Hard Time to move up - High Up Volume - Small Pip Move and a High SI of 13.4

So what is clue in this wave sequence ? The answer is the last two (comment 5. and 6.) and Down WE GO 50 pips ( order visible on Chart)

Watch out now !!! retracement expected we are at 50-61.8 Fib Area.