A lot of Double Top or Double Bottom on a daily to make money! No need to use complicated ways such as Elliott, Wolfe, Harmonic. Also, no need to check hourly time frame.
The lower time frame, the more difficult for you to identify a pattern.
By now, the reversal at 0.786 should be true, price will retrace 0.382 soon,which is the opportunity to make money.
Meanwhile, the double bottom has been confirmed by now.
To be safe,Keep your order open for only one day regardless of 0.382.
If the wave count is correct, there will be the fifth wave based on Elliott. If the count is not correct, it has been forming a double bottom by now.
Still need further confirmation prior to any trading action.
When a bull & a Bear are fighting , there is only one result, which is either the bull wins, or the bear wins. Do u think the bear will win ? there has been a support trend line to support the price already, how can the bear win?
Euro is finishing its top creation and crossing the trend lines. Based on Wolfe EPA pattern, when the price totally crossing trend lines downwards, sell Euro going short, making as much money as you can (:=D
It's only my personal suggestion for the Wolfe Pattern, the final trading decision is totally up to you.
Trade well and take care