GWaves
Long

$CADJPY Wolfe Wave, 5' Completion, Geo Off-Set Rule Target

FX:CADJPY   Canadian Dollar/Japanese Yen
Hello Traders,

CADJPY             completed a Wolfe Wave at 5'(5 prime) and is now looking at the Geo             Off-Set Rule at point 4.

An entry at this level will be of moderate risk.
Comment: For detailed analysis and teachings of the Geo Off-Set rule please visit: https://www.tradingview.com/u/4xForecaster/
High likelihood we should hit the Off-Set point? Especially how it is trending upwards, correct?
Reply
Correct. however Bill Wolfe mentions that a smaller, contrary, Wolfe Wave might give a signal that the larger Wolfe Will not be completed. When using Geo's Off Set rule, here is the likely scenario. I am currently in a short position on CADJPY but will close manually if I see the trade going in the other direction.

snapshot
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JDiggs GWaves
And in this case, you would short early if it trended past the 4 line after hitting 5'' and not coming back around for the 'smaller' Wolfe's 3 or 4?
Reply
Correct a short sell was placed in the zone of the red box. If CAD continues to carve higher highs, I'd look to get out of this trade and let the larger Wolfe complete before getting back into any shorts.
Reply
very nice
Reply
nice target
Reply
GWaves PRO Piet.Hein
Thank you Piet.Hein
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