USDCAD formed a bullish Wolfe Wave. Currently it is offering a low risk entry. The highest probability target will Geo's Off-Set Rule at point 4. The next highest probability target will be the 1-4 target line defined by the Wolfe Wave.
Stay tuned for updates.
Best, Chartistry
Transakcja zakończona: osiągnięto poziom stop
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Komentarz
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Although the trade was abandoned, Geo's Off-Set Rule at point 4 was hit.
how did your obtain that sl using wofe wave my brother if you have time to explain.
GWaves
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@Raja8934, The stop loss was not found by using the the Wolfe Wave. A lower low would be enough to get me out this trade until further development. There may be an opportunity in the future to safely get back into this trade. But for now, it looks like lower lows to come.