This pair has a few opportunity's it is Defined as a Wolfe Wave Completed and there are 2 Wave's within one also called a Rouge Wave . The Rouge Wave is numbered at Points 3,4,5 and 4' hope you can see it . I am short here but there is always possibility's of surprise elements here and price can for another Wolfe Wave ending at 5'' so please take this into...
Traders , All the notes to be aware of are on the Chart , if you can create an alert at the 0.618 Fib as Marked on the Chart , it will increase your ability to not panic to be left behind. Please trade your own Plan and Rules . Trade what you see.
Another high probable Wolfe Wave with a Geo extended on Point 5 ending on the Bottom of the Chanel . The Fib extension is also dead on the Chanel . Very nice Negative Divergence on RSI . Very good Risk Reward Trades with 2 Possible Targets .
Trading the Wolfe Wave can be very profitable and here we have 4 Wolfe Waves as i have shown in different Color's . I have shown the possible reward you can make from a simple trade which in my opinion is a very good Risk Reward Trade here . If you do not understand the Wolfe Wave Trading set-up's you can go to the Internet and just search it and it is for free .
Wolfe Wave defined with Geo 1-4 Line intersection , there is a good possibility that we can the Bull Trend to continue and at least a re-test of the High.
There is still about an hour remaining for the 4 hr candle to complete , at this point in time my Sell Order is in place , i have marked points of interest on the Downside but you chose what you would like to do. IF Price reaches point 5 then it should be a very good Wolfe Wave .
Here is a Visual of the Daily and 4Hr chart. Firstly the Daily chart Point (v) in Red is Projected much higher in relation to the Monthly Trend line intersection. The 4 Hr point (v) in Blue has two possible Target Point , if for some how Price does break through the Bottom of the Blue Trend Line then look for Price to Retrace as far as the Red bottom Channel...
Completion of a Bat Pattern with Price re testing the Low being a Double Bottom . Good Risk Reward Trade here .
Here is a well known Trading Strategy called the 2618 Trade , possible Correction here with a Target area of the Cypher .
Wolfe Wave defined with a 161,8 Fib Extension at point 5 . For now i will target the Top Trend Line and wait for a Breakout. Trade your own Rules . Trade what you see .
Short term Targets in sight as we have completed the Gartley on the Daily time frame , see my previous Daily chart for the completion of the Gartley .
Here we have the forming of a Possible Wolfe Wave Completing at Point 5 as marked on the Chart . You can eliminate the risk and place a Sell Limit as shown on the Chart as the is also a Fractal . BUT please trade your own Plan. Trade what you see .
Now that the Ending Diagonal is defined the possibility of a Correction is possible ,if you look left at the last Up Move you will see the same similar Price action happening . Trade your own Rule . Trade what you see.
Wolfe Wave Defined , a very Low Risk and potentially A very goo Reward . Please Trade your own Rules Trade what you see.