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GBPNZD - Classic Wyckoff Up-thrust and Plutus confirming the entry, 100pips

The story:

Easy stuff, Speed Index and Plutus confirm that this is a Wyckoff Pattern

  1. A fast fake up move (low SI of 1.5) hitting Resistance Level

  2. but the up wave has a hard time to move up and has and abnormal SI of 6.1 = Sellers

  3. ...finally Plutus confirms with a PRS the Entry.




 
 
 

3 Comments

Stefan
Dec 16, 2021

Easy to spot on tick aprox M30. The art is, I guess, to identify this not so visible pattern on approx H1 and zoom in as you did on approx M30

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Stefan
Dec 16, 2021
Replying to

Yes that makes sense. A vertical move preferably at fib or s/r

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