Trading_an_Edge
Short

Bearish Wolfe Waves pattern on USD/HUF

Weekly WW pattern with proper price action and a nice resistance.

Risk: 2%
Reward: 30%
R/R ratio: 15
Recluse82
2 years ago
impossible
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Trading_an_Edge Recluse82
2 years ago
Impossible in trading doesn't exist :) and if it is, I've got my SL ;)
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Recluse82 Trading_an_Edge
2 years ago
stopping out soon :-)
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Trading_an_Edge Recluse82
2 years ago
:-)
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Recluse82 Trading_an_Edge
2 years ago
well, this idea is storno :-) it was very fat :-)
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Recluse82 Recluse82
2 years ago
fast
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Trading_an_Edge Recluse82
2 years ago
Stopped-out indeed, but that's fine with me, If I didn't want to lose, I will not be involved in the trading business...Anyway I'm still bearish and still think this WW pattern is valid, I'm setting up another trade with a higher R/R ratio ;)
+1 Reply
Recluse82 Trading_an_Edge
2 years ago
it is very very bullish for, but i agree with u it is very very overbought, but nothing else
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Timing is key
2 years ago
Hello Trading an Edge,

I am not familiar with wolf waves however your 5 count had a familiar chart pattern so I worked this chart based on your anticipated 5 because this is a skewed expanding wedge or Pivot beginning at your 2 ( I start with 0 ) and each alternate wave is expanding until I get to your 5 count also. Your target has plenty of symmetry based on Andrews Action/Reaction. See Chart. appreciate your chart.

TIK

snapshot
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Trading_an_Edge Timing is key
2 years ago
Thanks ;)
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Timing is key Trading_an_Edge
2 years ago
I'm going to wait and see where this baby closes on friday...........May still be a great short:) I will post another chart using a really big fork showing it rejected almost to the Tick the underside parallel

all the best

TIK
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Recluse82 Timing is key
2 years ago
cant wait :-)
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Recluse82 Timing is key
2 years ago
there is is huge bearish divergence on d1
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