GWaves

$USDCAD Wolfe Wave, Looking at 5' Target

FX:USDCAD   U.S. Dollar/Canadian Dollar
284 6 11
Spotted this Wolfe Wave in USDCAD             , curios to see if the 5' and GEO             OFF-SET rule play out here.
Comment:
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Idea Update, Mistake made in the initial chart. The 2-4 line was attached to point 1 rather than point 3. 5 Prime hit now entering short and exit at the GEO OFF-SET rule
Trade closed: target reached
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Update: In a smaller time frame we completed a bullish Wolfe Wave. Looking at the 1-4 line as a target.
Reply
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USDCAD making its way toward the GEO OFF-SET rule #2 at point 4.
+1 Reply
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5" was NOT hit, therefore, GEO OFF-SET Rule #2 is still in play, looking for a break of the 5' trendline for added confirmation of the downward move.
+1 Reply
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$USDCAD inching closer to the 5" target. Looking for a short signal to enter trade.
+1 Reply
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5' Target surpassed, now looking at 5" for a confirmation of the Geo Off-Set Rule that rests at point 3 of the Wolfe Wave
+1 Reply
snapshot


Idea Update, Mistake Made in the initial chart. The 2-4 line was attached to point 1 rather than point 3. 5' hit now entering short and exit at the GEO OFF-SET rule
+1 Reply
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