USDCAD-NICE EASY SHORT 180 PIPS -TRADING WITH WEIS WAVE WITH SPEED INDEX

USDCAD-NICE EASY SHORT 180 PIPS -TRADING WITH WEIS WAVE WITH SPEED INDEX

26 May 2020, 18:03
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: This is continuation of previous post  https://www.mql5.com/en/blogs/post/736844

1. Easy down move : volume and pips moved in linear way.

2. Two hard to move up waves SIs: 13.5 and 13.6 . After the break of support of these two waves I have placed the first two orders. First order closed on Fib

3. Huge Volume bar just before the close of the day - Waited for the reaction

4. Few bars but worked, a Plutus Short Pattern with SI ratio 18.5/5.1 = 3.6 , but I was sleeping

So when I saw this, in the morning I decided to add another order after the Fib break which I closed at bottom Resistance Level 

A part of the second order still running. All orders and closed positions visible on chart.

First Chart

Second chart  - Reistance broken and closed my remaining order at the bottom



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