GBPCAD Looks Like Weakness -TRADING WITH WEIS WAVE WITH SPEED INDEX

GBPCAD Looks Like Weakness -TRADING WITH WEIS WAVE WITH SPEED INDEX

3 June 2020, 21:10
Trade The Volume Waves Single Member P.C.
0
91

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)

Story: 

1. We have been hitting Resistance large pins at the top

2. First Weakness came on this high volume wave without the respective pip move - even though the wave line is not touching properly it is hard to move up

3. High SI of 24.1 even though this SI is also distorted is still valid

4. Weakness again high volume wave with small pip move - hard time to move up

5. High SI of 16.0 

High SIs at the top and low at the bottom -

I am already short , one thing that can destroy this trade is a Plutus Long pattern but I took the the risk.

to be continued..