EURNZD - Reading The Waves and Speed Index

Every Chart has a story to tell this is the story of this one:

1. We have been down trending with Plutus Short signals
   
2. The last up wave before hitting 50 Fib was not that easy. That's a HTMU =hard to move up
   
3. We have hit 50 Fib area and start to move up again but abnormal SI of 66 and down we go again.
   
4. 
   

We a have few pips left to reach 61.8 (get some profit out if you are already short) but we should be cautious because can find buyers and never reach the 61.8.

Enjoy!
Learn to Read and Trade any Market

Trade closed: target reached:

Reached 61.8 Fib as expected and found buyers!