GBPAUD - This is called efficient chart reading and this is how is done!!!

Based on morning's post: https://www.tradethevolumewaves.com/post/gbpaud-what-are-we-cooking-here

Told you this morning that something is cooking.

The Story putting together all the pieces of the puzzle:

• That 123.8 SI got my attention and then I started reading the chart and making annotations:

• Price Location : at Resistance Level

• At this Level High Progressive Volume Rate - look left same story 5 days back - which means Smart Money entering again (absorbing your buy orders

• Effort vs Result = Hard Time to move to this Level

• PS first weakness

• High SI of 123.8 nothing like that on the entire chart on the up waves so something is cooking

• Fake brake and then a PRS pattern and SHORT is the trade

...and as I always say this is the Magic of Weis Wave with Speed Index if you know how to use it. It is a very powerfull multi-tool to assist you reading the chart and identify where Market Makers are active.

DO NOT TRADE because an indicator or an EA says so- LEARN to READ the charts

After:

Before: