$EURAUD Wolfe Wave Completion, 1-4 Line Target

FX:EURAUD   Euro / Australian Dollar
$EURAUD is facing two scenario's. If it makes a new high, we will be looking at the 5' as a potential target and an exit at the Geo             Off-Set Rule. If it starts to decline and breaks the 2-4 line I would look for an exit at the 1-4 line. Wait for a sell setup before entering the trade.

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Comment: Hello Traders,

Be weary of the ab=cd pattern here as it remains unanswered. Once this pattern is complete it will call price home at Geo's Off-Set rule at point 4. This level is highlighted in grey on the original posting.


Taking a closer look at the 4-hour timeframe, there is another Wolfe Wave that completed at point 5. Could potentially enter the trade judging by this Wolfe Wave formation.
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