GBPAUD - Reading the Chart easily-180pips

This the story:

1. Price Location : Hit and overshooted a bit 61.8 fib from the Daily chart - If there is something to happen this is the correct location.

2. On the way back to 61.8 Fib there is a High SI of 30.7 and a hard to move up wave (volume but without the respective pip move)- That is a change in behavior because there is nothing like that in the uptrend on the up waves.

3. A Plutus Reversal Short Pattern of 30.7/13.7 with SI ratio >2.

4. Nice Down Volume Wave with Linear Pip Move

All the above story concludes to Short and Short it is 180pips

This is the Magic of Speed Index and waves. Enjoy!!!

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