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)
Our Story:
These are the reasons why NZD changed direction (confluence of 3 factors):
1. We have Resistance coming the Daily chart and had a double false brake.
2. Huge volume -Sellers - How do we know that these were sellers - well, we do not we have to wait and see the reaction.
3. Nice Plutus Reversal Pattern (SIs 3.6 and 14.2) - SI 14.2, nothing like that on the up waves on the entire chart plus the close of this bar never breaks the high of the 8.0 SI bar.
So what do we do, we wait to break Support and enter Short with the best strategy ever : "LET THEM DO WHAT THEY HAVE TO DO and THEN FOLLOW!!"
This is the Magic of the Speed Index.
