AUDUSD(H1) Potential Wolfe Waves 5'

FX:AUDUSD   Australian Dollar / U.S. Dollar
491 11 9
AUDUSD             (H1)

Potential Wolfe Waves 5'. targeting 4 and 1-4 line.
Great WW mate, keep it up!
rv iefan
thanks m8, hey chip in..
Hit right at ur 5th and went high up, causing it to break through the line.

Seem to go up further more?

rv BoonOng
thanks for the chart, support lines and channels. v nice.

The geometric setup on the H1, for this instance and pattern WW, was completed - hit 1-4 line target. Typical retracement followed, before the next move.
lets see what follows next, and trade accordingly. :)
If you look closely, there's a five wave move culminating in an ending diagonal heading down there, right before the reversal.
IvanLabrie IvanLabrie
Sorry, was referring to the above poster's chart. WW's aren't always ending diagonals, this one is.
rv IvanLabrie
nice spotted Ivan, need binoculars for this one..
Look at this one:

Very high probability reversal from this level...I suspect the dollar bull run is done.
rv IvanLabrie
nice chart, thanks Ivan.
lets try to find high probability setups, as you suggest.
Smashing !!
+1 Reply
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