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AUDJPY - Wyckoff Up-ThrustEvery chart has a story and this is the recent story of this one. The indicator did not produce a WU signal but if you know how to read your waves together with Speed Index this is a Wyckoff Up-Thrust. The Story: After the Longs from the exit form the range we have hit the Fib with more longs and this is where I mentioned to get profits out of some of them. Then we have a Fib 61.8 overshoot with long signals but price went nowhere Finally Speed Index alerts us that something is cooking. An Abnormal Speed index of 66.6 nothing like that on all the up moves= HTMU (Hard to Move Up)= Sellers and down we go!!! Enjoy! Learn to read and trade any market!
Short
by TradeTheVolumeWaves
EURUSD - The Story says LongEvery chart has a story to say and this is the story of this one. The Story: Hitting Support with a very large down volume wave. Remember that on large down waves at bottoms there are usually buyers in there. Largest up volume wave after very long time - This is buying little by little and absorbing all the sell orders with buy orders. Abnormal SI of 24.0 which is probably their first Push Then another Abnormal SI of 21.1 on the down wave, that's a HTMD wave (hard to move down) Finally Plutus comes a PRL long signal ....but to confirm the logic I will wave this resistance line to be broken because we could start ranging for a while. Enjoy! Learn to read and trade any market!
Long
by TradeTheVolumeWaves
2
GBPUSD - For the "SI Traders" this is a Wyckoff Up-Trust and.... The Story: Price is ranging We have a false break with very high PVR The reaction up wave is long wave having a hard time to move up Then a PRS signal confirms the Wyckoff Up-Thrust Furthermore the reaction after the down move is an up wave with an Abnormal SI of 35.3 which is a HTMU wave (Hard to Move Up) = more sellers and down we go again. The "SI traders" know that this a Wyckoff Up-Thrust and a HTMU by just reading the Speed Index numbers. Enjoy! Learn to read and trade any market!
Short
by TradeTheVolumeWaves
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!
Long
by TradeTheVolumeWaves
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.
Long
by TradeTheVolumeWaves
BTC facts - chart overlaid to show the logic.I have been asked recently about the BTC moves and how the "they Blew up the rocket" call back on the 18th of March fits this. It's pretty simple - Elliott wave Weekly (3) = Daily ⑤. That combined with a near perfect example of a Wyckoff Distribution schematic as per the ghost overlay. We had discussed this in our Discord last week and covered in the TradingView stream again yesterday with @Paul_Varcoe Here's a link to the TV stream - www.tradingview.com But for some reason there is some technical glitch on TV's historic stream's from yesterday. so here's also the YT link below encase it's not working in a few hours; www.youtube.com Although it's short - I hope this makes sense. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSDShort
by Mayfair_Ventures
31