AUDCAD Was that Short predictable? -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:

Was that move predictable? Well yes, the SIs were shouting.

1. We are Resistance coming from the Daily Chart

2. Consecutive High SIs at the top 12.4, 9.6, 9.1 

3. Volumes but small pip moves - Hard to move up - price not progressing.

Places two orders on the break, first one closed on 50 Fib and the second one still runninng (visisble on chart). Let's see if the Fib will hold because a lot of volume gathered down there.

That's the Magic of Speed Index.