GBPJPY Possible Plutus Reversal Coming UP -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:

1. Hit the Fib 3 times and then famous Plutus reversal pattern

2. Fast Up wave with Low SI of 3.5 - Correction it is the Fast Down Wave of 4.2 SI 

3. Slow Waves up with a Highe Speed Index of 27.3 that never the 3.5 High

Enter Short only if it closes below Support , otherwise if the wave reverses we might have the opposite which is a Plutus pattern.

to be continued......

Update 16/4/2020 17:35 Athens, Greece

What did I tell you, everything comes to play. Many people though long due the high volume at Support but this move was decided long before on 27.4 SI