USDCHF Is it ready to go down:-TRADING WITH WEIS WAVE WITH SPEED INDEX

USDCHF Is it ready to go down:-TRADING WITH WEIS WAVE WITH SPEED INDEX

23 March 2020, 22:39
Trade The Volume Waves Single Member P.C.
0
95

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:

1. First down wave with significant volume and pip move

2. Even though there were buyer at the beginning of the wave, the wave ended with a High Speed Index ,SI=18.7, looks like hard time to move up. 

3. High SIs on the up moves without the price progressing 28.4, 20.0 and 29.7. The last SI 29.7 ( hard time to move up) but still forming so we have to wait.

Enter short only if it breaks the 61.8 Fib downwards, 1st and 2nd Target visible on charts.

to be continued...

Forecast correct 1st Target reached 40-50 pips . 

to be continued... let's see about the 2nd Target 


Share it with friends: