Week 4 Forecast

Sunday evening reading the charts to prepare for my trading and these are some of my findings:

EURJPY Daily

The Plutus long signals are on our side. No weakness yet, heading for top resistance, quite a few pips . Entries on lower times with Plutus signals and/or wave chart reading

AUDUSD

Every chart has a story to tell , please allow me to read this chart's story. The story has to make sense otherwise is fiction

1. We are coming down with red waves larger than green - sellers in control

2. Hit Support Level

3. First large green wave= buyers

4. Green waves are now larger then red waves =buyers are in control

5. High PVR every time price drops (aqua rectangles) = buyers coming in

6. Last red down wave (just before the forming one) as price goes down PVR is increasing = more buyers

Therefore the forecast is Long at least until the Fib area. Does it makes sense or it's fiction ? Your comments are always welcome.

AUDJPY

Similar story with the previous one.

Larger Up waves and last down wave with increasing PVR - no weakness yet therefore we should be heading for Resistance + 55 pips.

More opportunities on other pairs are also available.

If you wish to learn how to read the charts with the use of only one tool, Weis Wave with Speed Index, just contact me.

Enjoy!