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:
