Wolfe Wave
XAU/USD AUG.20.2020Based on waves analysis, we are expecting a sell set up, after the formation of the fifth wave of a Wolfe Wave pattern. the pattern will be confirmed by the breakout of the descending trend line then, it must come back and close within the triangle, at this moment a short position should be a good trade.
Entry : 1970
SL : 2015
TP : 1865
EUR/USD Aug.14.2020The pair is respecting the descending trend line in the 4H timeframe and tested it for the fourth time.
We can see here a Wolfe wave pattern, and the sixth wave must be formed.
So there is a good chance for the pair to go down and reach the goal show in chart
Entry : 1.18450 - 1.18100
TP : 1.15500
SL : 1.19100