AUDCHF Plutus Reversal on Fib -TRADING WITH WEIS WAVE WITH SPEED INDEX

AUDCHF Plutus Reversal on Fib -TRADING WITH WEIS WAVE WITH SPEED INDEX

21 April 2020, 11:38
Trade The Volume Waves Single Member P.C.
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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 the Fib Area,  Found Buyers at 61.8 but they were not able to hold the price

2 . Fast Wave down with 4.2 SI

3. High Speed index on the way up of 19.3 (  Hard time to move up?)

That was  a Classic Plutus Reversal pattern but we have to  be a bit carefull becuase Buyers have shown, let's see where this 1H bar will close. One more point is that another support is quite close, but most probably it will go all the way down.


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