After NFP and some choppy movements more data is now available for our Wolfe Wave trade setup.
I've zoomed in on the 1hr time frame and identified the 5 wave down move of the wave ((v)).
We're currently forming the wave (iv),
After that the last wave of the Wolfe Wave will form and we're gonna place our trade.
I've updated the entry price to the 1.272 extension of the wave (iii) which is the most probable entry point.
The stop is still at 1.2240 and the target is still at 1.2540
I've zoomed in on the 1hr time frame and identified the 5 wave down move of the wave ((v)).
We're currently forming the wave (iv),
After that the last wave of the Wolfe Wave will form and we're gonna place our trade.
I've updated the entry price to the 1.272 extension of the wave (iii) which is the most probable entry point.
The stop is still at 1.2240 and the target is still at 1.2540
