$CADCHF | Bearish Wolfe Wave | 1-4 Target Line Short

Canadian Dollar/Swiss FrancFXCM

Description

⋅ May 15, 2016 6:23 PM

Hello Traders,

This pair offers us a great short set up at point 5. I would look for the 1-4 line as the exit point.

Best,
Chartistry

⋅ May 17, 2016 11:46 PM

Internal geometry formed. Rogue wave in play.

⋅ May 19, 2016 3:25 PM

Update: 2-4 line broken, analysis remains the same. 1-4 target line. However, I would be mindful of Geo's Off-Set Rule at point 4.

Comments

ChatchaiVong

⋅ May 19, 2016 2:53 PM

please , update chart again , thank so much.

GWaves

⋅ May 19, 2016 3:26 PM

Hello @ChatchaiVong, I have updated the chart. Analysis remains the same.

ChatchaiVong

⋅ May 19, 2016 4:11 PM

thank so much.

maksheetal

⋅ May 18, 2016 12:14 AM

Do you still think it's a good idea to go short?

GWaves

⋅ May 18, 2016 1:02 AM

Hello Maksheetal, based on the geometry a short would be the favorable position.