GBPJPY - Very Obvious Short -TRADING WITH WEIS WAVE WITH SPEED INDEX

GBPJPY - Very Obvious Short -TRADING WITH WEIS WAVE WITH SPEED INDEX

12 May 2020, 17:15
Trade The Volume Waves Single Member P.C.
0
69

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:

All the ingredients  were there for a nice short

  1. Hit 50 Fib Area
  2. This was also a Resistance level
  3. High SIs at the  top, last  3 up waves , 43.8, 12.2 and 12.0 - I have entered short after seen this (order visisble on chart)
  4. Finally a nice Plutus Reversal pattern with SI ratio 12.0/4.4= 2.72

53 Pips so far and going.

This is the Magic of Speed Index - Learn to read your charts - do not trade because an indicator says so!!!!



Share it with friends: