$EURUSD Wolfe Wave, Eyeing Point 5

FX:EURUSD   Euro / U.S. Dollar
Hello Traders,

Looking at the EURUSD             pair we have a Wolfe Wave that just completed at point 4. Looking at the 1-4 line trajectory we can see that it has acted as an anchor throuhgout the formation of this Wolfe Wave . I'm looking at 5 and potentially 5' to complete.

If we see completion at point 5 look for the 1-4 line as your exit target. If we make a lower AND hit the 5' line off of point 3 look for an exit at Geo's Off-Set rule at point 4.


Points 1 and 4 have been adjusted in this updated chart. I also adjusted the 1-4 line to coincide with the new point 1 and 4. Still eyeing point 5.
Comment: Is it safe to say that point 4 has finally been created? It's likely. Looking to enter a long when point 5 is reached.

It will be very hard I think. But I'm in eur/jpy according to this trend
+1 Reply
GWaves PRO Manic.Nick
Are you long EURJPY or short?
Short. Triangle broken on 4H
+1 Reply
I mean level 1.04-1.02 will be very hard)
+1 Reply
GWaves PRO Manic.Nick
I would agree, but I like to include it as a possibility. I would enter a long here 1.05~~~
Ok, I hope for a favorable wind down )
+1 Reply
Only think it does not com lower that 1.05-7
+1 Reply
GWaves PRO allard.vanwielink
That very well could be the case. We shall wait and see!
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