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AUDCAD - Plutus identified that Fib will hold. This is how!

Every chart has a story to tell and this is the story of the one:

  • First high up wave on the left.

  • Second high up wave after 61.8 hit

  • Next high down wave hitting 61.8 but with an SI on the high side 12.5

  • Next down move , basically all sell orders are absorbed with buy orders and price not going anywhere - Extreme SI 45.3 , that's a HTMD (Hard to move down). Check IPPR!

  • Finally, Plutus providing the entry with a PRL signal. Entry after the signal 52 pips so far.

...and this my friends is called chart reading using volume, price action and structure with a single tool



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