harisbeha
Short

1H - Wolfe Wave - Short - EURUSD

FX:EURUSD   Euro / U.S. Dollar
44 0 0
Fairly new to trading this pattern and TV's charting tools, so any tips or corrections would be much appreciated. I'm comfortable with an entry until the 1-3 trendline crosses the 2-4 trend line (~ 04/04/2016). As we know, there are quite a few key factors that could influence movement of this pattern away from this plan - primarily the US Jobs reports tomorrow and Manufacturing Index on 04/04/2016. As a slightly longer term play, and assuming the conditions are right at the time, I think we can expect a drop to the 1.122 region by the end of next week.
Trade closed manually: The timing and length was a bit off during my analysis. I was confident in the trend and widened my SL/TP range quite a bit after getting closed out twice very early on. The April 7 (7PM) candle and the April 12(7PM) candle definitely had me ready to panic sell. Ultimately I managed to get out around the 1.128 mark for a nice profit.
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