EURJPY THIS IS WHY IT BOUNCED 220 pips ON Weekly Resistance -TRADING WITH WEIS WAVE WITH SPEED INDEX

Setup 4Hour Chart

Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)

EURJPY THIS IS WHY IT BOUNCED ON Weekly Resistance

Where are we? Are we at a significant level? Yes we are Weekly Resistance!

How did we get there? The price had a hard  time up there to move further up!

When something is not visible in one time frame switch to another time frame (on the 1HR time frame is also visible but needs a bit more analysis- therefore I am posting the 4HR which is easier.

Our Story:

1. Reached Weekly Resistance

2. Up Volume Wave without the respective Pip Move and High Speed Index of 63.0. Furthermore look at all the pin bars at the top. So were will the price go? No brainer , easy stuff - Short!

220 pips from Weekly resistance to current price or 170 pips from 4HR Support to current price.

Enjoy!