ANALYSIS & TRADE: EURUSD: Are We Due For A Wave 3?

I have resisted taking any stance again in this pair as of late due to just not having confidence in what it was doing after my last analysis in which I was off base. I had thought this pair to have much more downside to go before we would see an up trend. Which turned out not to be the case.

In a trade based on that assumption, I lost -50 pips (-200 in ACTUAL), as prices did in fact drop off after my post but just as quickly turned and reversed way back up to where it is now.. If you want to see, this was my trade post:

But more importantly, where are we now? Let's see....

WAVE COUNT
To get right to the point, I believe we are already in a wave (3) on the way up! But prices are declining right now, you say! Yes, they are. They are declining in a wave 2 of (3) is what I think. So after this wave 2 is done....wave 3 of (3) is what we should see! I see this wave 2 as declining in a bullish descending contracting triangle which when done, will see a strong push up.

PATTERNS
The most relevant pattern here is that descending contracting triangle pattern that looks to be just about finished (as of this posting). But the projection calls for a POTENTIAL Crab (blue) that could be marking the path of the wave 3 of (3) that should be coming.

Here is the DAILY Chart overview:

MY TRADE PLAN
I'm actually already in a LONG trade on this pair. You can pick it out on the DAILY Chart if you want. If the count is correct, then the next move is up and should be explosive!