GWaves
Long

$USDCHF Smaller Geo Completes Engulfing Wolfe Wave

FX:USDCHF   U.S. Dollar/Swiss Franc
Hello Traders,

Here we have 2 converging Wolfe Wave's where the smaller Wolfe Wave completing at the 1-4 line creates point 5 of the engulfing Wolfe Wave . The 5' line is in play but it is rather unlikely in this scenario.

Comment:
snapshot


Point 5 hit, now looking for a bullish move.
Trade active: Long position in place.
Comment: Larger Wolfe Wave has been invalidated. Smaller Wolfe Wave is still active. If you missed the first entry. Now would be a good time to enter.

snapshot


I will update this pair showing only the smaller Wolfe Wave.
This one you're active in, because we are waiting for the move to the 5 point on the larger Wolfe?
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