YuzukiChan

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!

CORRECTION:

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.

CORRECTION:

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.

snapshot

RESULT:

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.
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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.
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IvanLabrie PRO 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 ;)
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Why not:
snapshot
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The short position closed. I am long again @ 1.088
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Now I have totally another count after this final flat. I believe a downward 5 wave movement will be the last.
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We will apparently have a final leg down. A risky possibility would be to close the position and go short.
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IvanLabrie PRO YuzukiChan
Might be late to go short now.
Better wait to go long once completed.
Stop not triggered?
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YuzukiChan IvanLabrie
Short is when the flat's C is completed.
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The nature of EW trading, looks promising, definitely a key market to monitor.
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