GBPAUD - Let's Explain these two Plutus Reversal Short Patterns
- Panagiotis Diamantopoulos
- Feb 18, 2021
- 1 min read
Based on yesterday's post : https://www.tradethevolumewaves.com/post/gbpaud-3min-left-to-enter-short-this-is-why
Both patterns were not Plutus Reversal Short because they never broke the low of the 1st wave, I even fell for it. Especially the second pattern was very close but there was also distortion from the US news volumes.
So the Lesson here is wait for the break - candle close and avoid patterns on high impact news.
The continuation was that we found buyers on the Fib and up we go.
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