GBPCAD NEXT WEEK'S FORECAST -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:

1. Approaching Monthly Pivot

2. First Push down wave with High Speed Index 24.9 (nothing like that on the down waves on the entire chart)

3. Second Push down wave with High Speed Index 26.5

4. Broke Daily Pivot down and on the way to approach it - Huge Up volume without the respective Pip Move and a High SI of 18.3

5. Hit the Fib Area

6. After hitting the Fib Area the up wave has Huge volume without the respective Pip Move with High SI 17.1.

So What is the Forecast Short or Long?

Well considering all the backround High Probability has the Short but make sure you to enter after it breaks the 61.8 Fib down because this number 6. wave could also be their first push up wave. Another case is to start ranging then we have to examine the next waves. 

Be patient...

to be continued...

Forecast correct finally worked out after two days. Watch out now because we have hit another Fib Area. Orders visible on chart.

Enjoy