EURUSD - Long - Follow up to last week's post about EWP

Elliot Waves have been revealing, as I posted about last week. The A-B-C retracement after the impulse wave before it seems to have been the start of a new trend. Point C may very well be the start of wave # 3 of a larger movement, which of course implies that the strength of the first impulse wave (marked 1-2-3-4-5) must be lesser than that of the upcoming wave 3.

If we are really starting a third wave in an upwards movement, this should be the strongest part of the new uptrend. I will make another post with projections once I look at this more, but I do feel it's a strong long movement still.

My last post (4 or 5 days ago, calling a long entry) was 300 pips ago. Not bad so far.