$GBPCHF | Target @ 1.38173 | Wolfe Wave & Geo Short

British Pound/Swiss FrancFXCM

Description

⋅ May 8, 2016 6:01 PM

Hello Traders,

I am expecting a large move up to complete the Wolfe Wave, the ab=cd, and the Geo'. From there I will look to short this pair with an exit at 1.38173.

I will be paying attention to the Fib level's identified in this chart. These levels can potentially act as a stomping ground for bears.

Best,
Chartistry

Comment

⋅ May 15, 2016 5:26 AM

Update: Internal geometry may invalidate the current geometry.

This will cause me to reevaluate the current geometry and redefine point 1 and 4 if that is possible after the internal geometry completes.

Stay tuned.

Comment

⋅ May 27, 2016 5:24 AM

abcd pattern and Wolfe Wave complete. Geo's Off-Set rule and 1-4 line remain high probability targets.

Comment

⋅ Jun 14, 2016 5:52 PM

1-4 Line target hit.

Comments

JDiggs

⋅ May 13, 2016 6:06 PM

It's riding the support of the Wolfe 2,4 line.
Wonder how this would do in the Gann Lines?

GWaves

⋅ May 13, 2016 6:07 PM

Hello JDiggs, I am not too familiar with Gann Lines.

JDiggs

⋅ May 10, 2016 10:24 PM

Are you expecting this to hit the high of 5'?

GWaves

⋅ May 10, 2016 11:15 PM

Hello JDiggs,

Yes I am looking for an ab=cd completion but we could be stopped short with one of the fib levels.