coffeeground
Long

GBPAUD: BEARISH WOLFE WAVE FORMED NEAR SR AND SUPPLY LEVEL

FX:GBPAUD   British Pound/Australian Dollar
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
This is not Wolf Wave because both 1-3 and 2-4-5 line should converge instead of diverge i.e. should meet at some point
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thankyou for noticing @kmk.msp . i thought 1-3 and 2-4 converge is not a mandatory for wolfe wave.
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this trade is a loser. i found a new bearish wolfe wave in this pair and the 1-3, 2-4 did converge :)
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