UPDATE This pair did something most of us didn't expect it to do. So I consider this trade as invalid from this point of on. ----- It's about time to short this pair before going long. Chart speaks for itself, keep your risk and money managed. That's the most important part of the whole trading game ^_^
1. Potential Wolfe Wave/ Rising wedge pattern 2. Price Action showing resistance at 0.77 handle 3. Potential test of 0.78 handle 4. Leg down is due. 4. Trend line confluences Set and forget trades! R
Following is a step-by-step demonstration of my own approach to Wolfe Waves detection, analysis and trading application. This does not constitute or represent Mr. Bill Wolfe's lesson on his namesake pattern, the Wolfe Wave (www.WolfeWave.com). $EURGBP - H4 Chart: Instead, it represents my own interpretation based on a preceding interest in occult market...
We have a big ABC countertrend move: A leg is a simple impulse B leg is a beautiful abc move C leg is an ending diagonal (Or Wolfe Wave if you prefer) For the Wolfe Wave setup the shorts could be taken now, but the problem is that the stop placement is gonna be too subjective. For the longer term ABC pattern trading I would have a more probable and...
1. Wolfe Wave completion 2. Trend continuation 3. Price Action in key levels Please see original analysis linked below! R
I have a few short positions on this pair and I wish to take profit @1.4500. It will be at this level where I will wait for bullish price action in the 1.4400-1.4300 handle. I am basing this idea on the following confluences which are clearly displayed on the chart. 1. Potential Wolfe Wave in the process of completing Wave 4. 2. Price in a clear downtrend and is...
Objectif - Red trend line, final objectif 1034 Small addition to the bevel : 2 objectives can be treated first and then the wolfe bevel upward expanding Francois Baron said the following in terms of return on objective starting point for 60% of the average output is of the order of 20% in 80 % of this decrease does not exceed 30% figure so upset enough low, but...
If and when Price rallies to hidden Supply at 1.5400. Then I will enter short again :) R
1. Bullish Wolfe Wave pattern breakout 2. Broke and closed above Weekly Swing high 3. Price Action indicating that it will test the Fresh Supply at handle 96.56-96.89 4. This is a continuation of the trend We should see $ strength in March so I will be using this analysis to my advantage on $ pairs like GBPUSD, USDCAD, USDJPY, and AUDUSD. I am not very certain...
1. Wolfe Wave 4 complete 2. Potential ABCD channel. 3.Waiting for 5th WW 4. Short from 1.5540. 5. A break of bottom TL confirms targets. Patience is key here... R
1. Wolfe Wave pattern breakout 2. RSI breakout 3. Gap to the upside 4. Bounce off daily Trend Line R
I am forecasting a strong rally to 1.2900 handle based on the Wolfe Wave pattern. If Crude Oil drops then this should weaken CAD and give this the rally it needs to break the strong Weekly Resistance above WW4. What is the Wolfe Wave? (according to Forex Factory) Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of...
I've spot an interesting risk/reward trade based on Wolfe Wave pattern Limit: 1.0449 and beyond Long: 1.0348 Stop: 1.033 More info about the WW: ii.mypivots.com thepatternsite.com
As you can see in the chart, this whole down leg (from mid November) has been a sequence of break support, make lower low, retest breakout level (support turned resistance), break support etc. You can see in the chart where each retest has occurred and we are now at that level again. We are also ~$10 off the 10 November 2013 low. To me this says we should see a...
Short-term idea. Bearish Wolfe Wave Pattern to find a good entry on the metal bullish move which is brewing.
Trade going with the trend WW pattern with proper price action. Nice support level. Risk: 0.5% Reward: 2.5% R/R: 5