Short based on the Wolfe Wave Completion Short

Australian Dollar/Japanese YenFXCM

Description

⋅ May 14, 2015 8:54 AM

CLUSTER OF FIBONACCI RESISTANCES
1) 0.618 Retracement of the bearish leg at 97.70
2) 1.618 retracement of the 1-2 leg of WW at 97.45
3)1.618 retracement of the 3-4 leg at 97. 43

Hence worth watching the price carefully.

Comments

HamedAghajani

⋅ May 16, 2015 7:51 PM

The trade has not been triggered yet, hence the entry should adjusted based on the 5' point attainment.