The EURUSD may have just ended its (ii) wave with a double zig zag. We would expect to see a swift followthrough to the upside in a third wave. All action should take place within the light blue trend channel.
Trade active
Expecting to see swift followthrough to the upside at this wave junction (we are counting a third of a third). Otherwise our count and case here is incorrect.Note
Expect even further followthrough to the upside. 1.215-1.225 will be seen before a significant reversal.Trade closed: target reached
Ending diagonal may be tracing out. See update on 11th January 2018
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.