top of page

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!!!

bottom of page