AUDCAD - A Perfect Wolfe Wave

I don't usually trade crosses, but I was randomly checking various pairs a while ago and came across the AUDCAD Daily Charts. The Wolfe Wave Pattern we see here is just perfect with price piercing the estimated price line. You can also notice how Waves 1, 2 and 5 correspond with sharp changes on the Schaff Trend Cycle.

This clearly goes to show how we can use the Schaff Trend Cycle to enable us to trade Wolfe wave patterns. In fact, should we ever come across accurate corresponding price reversals on Wolfe Waves, depicted by the Schaff Trend, we can simply assume that price will indeed touch the line connecting Waves 1 and 4. An even perfect trade set up would be to see converging lines from 1, 3, 5 and 2 and 4.

Below the AUDCAD Daily Chart which looks simply beautiful.

AUDCAD - Daily Charts - Perfect Wolfe Wave Formation