EURNZD- This is why it moved 248 pipsThe Story:
High PVR on 1st touch of support level = buying has started
Increasing PVR as price moves down which means buyers on the down
Double Long signal from Plutus WS and PL
High PVR again without the price moving down and then moving up
Therefore all the previous logic was correct and these were buyers. This called the "FOLLOW" methodology :"Let them do what they have to do and then follow" Entry.
Enjoy!
Learn to read and trade any market!
Speedindex
AUDNZD - Plutus Long after a Fake BreakAll the charts tell a story, that's the story of this one:
We are hitting a support level for a second time
Fake break support. The reaction after the fake break is a very PVR = buyers
..then a high volume up wave and price goes back into range (look left, not a wave size like that for a few days)
Finally Plutus confirms the move and provides the entry.
Enjoy!
Learn to read and trade any market!!!
AUDJPY - Is Plutus going to beat Fibonacci?The Story:
Price coming down hitting 50 Fib
Then we have an Abnormal Speed Index of 23.3 which means hard to move up=probable sellers
Coming Down again hitting 61.8 Fib
... and PRS signal is out
I will go short if 1hr closes below Fib 61.8, otherwise patience!
EURAUD - Probable Wyckoff Spring - The ForecastLearn to read the chart.
The Story:
We are balancing on a significant Fib 61.8
Last SI before the fake break of Fib quite High at 17.6, probable buyers
Fake Break = Wyckoff Spring formation start. PVR quite high
Plutus comes with a Long signal PRL
Abnormal SI of 21.0 = buyers on the way down
The reaction : large up volume wave with the corresponding pip move
The Forecast and possible entry is shown on chart. If we break that Entry Level line the Spring is confirmed.