Wolfe Wave EurUSD

Looking at the structure formed by EURUSD it is in my opinion that a wolfe wave has formed

The guideline for wolfe waves is the trend line from beginning of wave 1 to the top of wave 3

AB=CD completes at structure resistance denoted by wave the # 5

EURUSD in my opinion will drop soon however there is potential for upside as seen by the sharpness of the most recent move

I will take this trade when the structure line is broken to the downside and a lower tf flag forms and breaks down

My target is the lower blue line

I dont know much about wolfe waves please advise if you have differing opinions

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break up suggests continuation to upside

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Did some Wolfe Wave Research and added ETA

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Another Break above trendline suggests further upside.

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Still am not buying drop in EUR flag below trendline and break signals many traders to short. I think there is manioulation and there will be one last strong push into liqidity before big drop.

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Almost there!!

We can now watch price actionfor weakness and juicy shorts

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Ive been looking at the charts and i think the dollar is collapsing and so this setup is done i wont be taking it

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Stop Loss: 1.12204

Entry : 1.1178

Target : 1.105

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Had to take this haha rising wedge breakdown at Wolfe Wave Resistance

amags

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amags

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