AUDCAD MONDAY Possible Plutus-TRADING WITH WEIS WAVE WITH SPEED INDEX

AUDCAD MONDAY Possible Plutus-TRADING WITH WEIS WAVE WITH SPEED INDEX

2 May 2020, 16:01
Trade The Volume Waves Single Member P.C.
0
113

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 a continuation of a previous post: https://www.mql5.com/en/blogs/post/736180

4. There is a  Plutus  pattern formed SIs 13.4 and 2.4, what we need now is the break to be complete. Plutus Pattern (price will go in the direction of the High volume wave) :Slow down wave with a lot of volume and High SI 13.4 (nothing like that on the dn waves) , then fast up wave with SI 2.4 that never broke the resistance of the 13.4 wave. 

So what  is our next move:  only and only if it breaks downwards that Fib 61.8 we enter Short. There is a possibilty that this High Volume down wave could be buying but this will validated only if prices breaks that 1. Daily Resistance Level.

to be continued....