GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019


Setup 1HR chart 

Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller)

This is why GBPJPY started retracing to Fib:

1. We have reached Previous Support that became Resistance on 4HR chart

2. High Speed Index of 54.9 approaching Resistance for a second time (double top) – No such high speed index on the up waves on the entire up
trend.

Next: Most problably on Monday we will hit the Fib Area which is also previous Resistance Level on 1HR chart and start going up again. This
forecast needs to be examined in detail looking at our waves, Speed Index and individual volume bars when we hit the Fib Area.


GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019



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GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019
GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019
GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019
GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019
GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019

GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019

GBPJPY - This Is Why Started Retracing To Fib - TRADING WITH WEIS WAVE WITH SPEED INDEX - Analytics & Forecasts - 7 September 2019