GBPAUD - Wyckoff Up-Thrust - Time to short

28 Jun 2023

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!