USDJPY Short Coming UP-TRADING WITH WEIS WAVE WITH SPEED INDEX
7 April 2020, 10:57
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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. Hit Resistance with a High Speed Index 24.7 - hard time to move up
2. Retraced to Fib Area easily
3. Looks like it has hard time to move away from Fib - High Speed Index of 38.6 but is still forming. If you want to risk you can go short now otherwise wait to break the 61.8 Fib down for less pips
I have placed two orders at the top, one already closed and the second one still running and I will place another one if it breaks the Fib down.
to be continued....
Finally after two and a half days, that's called distribution and smart money takes time to absorb all the orders. Always Remember you have plenty of time.
