USDCHF Something Cooking - Is it ready to do down?-TRADING WITH WEIS WAVE WITH SPEED INDEX
6 April 2020, 20:39
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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)
Our Story:
There is something cooking on USDCHF.
High SI on Up Wave of 45 and High SI of 172 on the forming Down wave (but this is still forming).
In order to read that market properly switch to 1HR to get the details and wait, the time will come that they will reveal their intentions. I am not sure yet what the direction will be but most probably it will be a Short trade. Let's see what tommorow will reveal.
to be continued...
Short Trade it was after all. Two orders placed visible on chart below, one order closed with 40 pips profit and I have let the second one run. Now approaching Fib Area - same reaction expected.
Enjoy the magic of Speed Index.
