EURUSD Elliott Wave Count

Hello traders!

It's righttime on Friday to fix your short positions profit, because we see clear ending diagonal, so it's very potential reversal pattern which is plays now in Wave (V).

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Comment:

Buy level has not been confirmed. Confirmation level for long was at 1.1733. We haven't broken this level or even touched it. Don't jump in trades before confirmations. It's a part of Elliott Wave Principle, if you have high potential trade setup, wait for confirmation and then go.

Remember, weekly and daily we are still in a huge downtrend, because of that long positions will be risky.