Ending diagonal fueled the fiber skyrocket!

FX:EURUSD   Euro / U.S. Dollar
801 10 8
I've posted so many different and conflicting counts. Now this is the final picture as I see it. Longs are taken @ 1.09. There may be more space downside, but in the end, our skyrocket is ready to take off.

Happy trades!


The counting is wrong. I was so sleepy as I publish the idea. Count it as a diagonal, then we're on the same page.


It seems we have to change the deal a bit. The downward move might have been the part of an impulse, which will be the A of a zigzag . So now it's best to get off of the train as the 4th leg has done its job. Below is the new counting.


1st half of the 1st trade: +10 pips in 1 hour
2nd half of the 1st trade: +15 pips in 1 hour
2nd trade (the short after the flat): +40 pips in 3 hours
3rd trade: +55 pips in 24 hours.
The price crossed the resistance line @ 1.0935, where the profits should have been taken as was said before. It's good to see that such a wrong counting has resulted in a profitable setup.
I've changed my mind. The counting is wrong. We are still in the downtrend. It seems like what is happening is the 5th wave of the A of a zigzag. I may publish it as an idea as things become clear.
IvanLabrie YuzukiChan
Trying to figure out the larger count is hard. As long as you get a few two-three part moves right you can still profit so no big deal.
Nice going so far ;)
Why not:
The short position closed. I am long again @ 1.088
Now I have totally another count after this final flat. I believe a downward 5 wave movement will be the last.
We will apparently have a final leg down. A risky possibility would be to close the position and go short.
IvanLabrie YuzukiChan
Might be late to go short now.
Better wait to go long once completed.
Stop not triggered?
YuzukiChan IvanLabrie
Short is when the flat's C is completed.
The nature of EW trading, looks promising, definitely a key market to monitor.
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