Short

$EURAUD Wolfe Wave Completion, 1-4 Line Target

Updated

is facing two scenario's. If it makes a new high, we will be looking at the 5' as a potential target and an exit at the Geo Off-Set Rule. If it starts to decline and breaks the 2-4 line I would look for an exit at the 1-4 line. Wait for a sell setup before entering the trade.

For more lessons on the Geo Off-Set Rule please visit: tradingview.com/u/4xForecaster/

Comment

Hello Traders,

Be weary of the ab=cd pattern here as it remains unanswered. Once this pattern is complete it will call price home at Geo's Off-Set rule at point 4. This level is highlighted in grey on the original posting.

Best,
Chartistry

Related publications

$USDCAD Wolfe Wave, Looking at 5' Target

$NZD $USD 4 Hour Short Trade

$GBP $USD Wolfe Wave Completion at 5'

$EURJPY Wolfe Wave Complete at 5'

$EURCAD Wolfe Wave Completed, 1-4 Line Target

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.