AUDNZD - Effort vs Result Wyckoff Concept explained - Long

Panjang

Dolar Australia / Dolar New Zealand (FX:AUDNZD)

FX:AUDNZD Dolar Australia / Dolar New Zealand

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!

Enjoy!
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