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TradeTheVolumeWaves

GBPAUD - Wyckoff Up-Thrust - Time to short

Short
British Pound / Australian Dollar (FX:GBPAUD)  
TradeTheVolumeWaves  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Wave Analysis weiswave wyckoff plutus speedindex volumeanalysis
3
0
trendanalysis waveanalysis weiswave wyckoff plutus speedindex volumeanalysis
Every chart has a story to tell and this is the story of this one:

  • We have been trending up until we have hit resistance
  • After the hit we start ranging around resistance area
  • Last up move fails to stay above resistance
  • Next up wave has an Abnormal Speed Index of 27.2 = HTMU (hard to move up) = sellers
  • Plutus confirms the short with two signals PRS (Plutus Reversal Short) and WU (Wykoff Up-Thrust)

Enjoy!
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