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.
Comment:
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