USDCAD Classic Short-TRADING WITH WEIS WAVE WITH SPEED INDEX

Setup 1Hour 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:

This was a classic short since it is a Plutus Reversal pattern as explained on previous post.

1. We have hit Resistance coming Weekly chart

2. Fast wave down with Low SI of 2.1

3. Slow wave up with SI of 10.0 that never breaks Resistance. This SI might not be that high but still it is almost 5 times slower than the fast SI.

Therefore enter short after Support Break and down we go 220 pips. Furthermor,e look at the previous 2 waves that's another Plutus Reversal Pattern.