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AUDNZD - Effort vs Result Wyckoff Concept explained - Long

Long
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
TradeTheVolumeWaves  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Wave Analysis weis weiswave wyckoff effort result effortvsresult speedndex plutus
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trendanalysis waveanalysis weis weiswave wyckoff effort result effortvsresult speedndex plutus
Every chart has a story to say and this is the story of this one:
  • Hit Support
  • First Huge Buying wave
  • Going Back to Support
  • Abnormal Speed Index Numbers= HTMD(Hard to Move Down) (Effort vs Result concept) this is where the big guys are absorbing all the sell orders with buy orders.
  • Finally the last fake moves down with Low Speed Index = Fast Fake
  • ....and up we go!

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