$EURAUD Wolfe Wave Completion, 1-4 Line Target
EURAUD 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/
Note
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
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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.