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Weiswave

GBPUSD - Going for Long - Are we going to break that ResistaceThe Story : We have hit resistance level and started going down Hit the Fib Area and started going up again On the way down we see an very high Speed Index - price is having a hard time to come down Finally a PRL long signal shows the way for a long - already at 55 pips Now the question is if we are going to break that resistance level considering the background the answer is yes but it's a bit risky because there another Fib area coming up right above this one
Long
by tdtrdview
EURCAD - Wyckoff Spring and Up we goI have split it the chart into two sections with a vertical line. The left section, the bearish move and the right section, the bullish move. To be able to read the chart you need to focus on three things : 1. price location (as far as structure) 2. Volume Wave size and 3. Speed Index Let start from the left: Coming down with down volume waves greater then the up volume waves and price move agrees by moving down. Notice the Speed Index on the down waves which they are on average side without any extremes except one , that 35.7 close to support which means that buyers might be coming in. Mid of chart We hit and break support, and do a false break Right side The immediate reaction after the fake break is a huge up volume wave. Ok buyers are in control (therefore I will not consider the short signals produced by the indicator but only the long). What's confirming that there is heavy buying apart from up waves and the price moving up are the down volume waves. Why is that? Check out the Speed Index numbers marked with the arrows. High Speed Index numbers and price keeps break up = byuing on the down moves Now let's look at current position and forecast. Currently we have touched the 50Fib and entering 50-61.8 Fib area. So there is a possibility to find sellers. Going Long is a bit of a risky but I think price could move easily to 61.8. Good luck
Long
by tdtrdview
AUDNZD - Looks like a Long But on Daily ResistanceEvery chart has a story to say, this is the story of this one: We have been up-trending until we hit a Resistance level coming from the Daily chart. Some Sellers at the top with PRS signal Pullback to Fib and buyers are there again Now something is cooking at the top again because we have and Abnormal Speed Index of 56.8. The Bias is for Long but we are at very significant Level, so anything is possible. Patience and wait for the reaction! Enjoy! Learn to Read and Trade any Market!
by TradeTheVolumeWaves
EURNZD - Reading The Waves and Speed IndexEvery Chart has a story to tell this is the story of this one: We have been down trending with Plutus Short signals The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again. We a have few pips left to reach 61.8 (get some profit out if you are already short) but we should be cautious because can find buyers and never reach the 61.8. Enjoy! Learn to Read and Trade any Market
Short
by TradeTheVolumeWaves