EURNOK is currently in wave 4, which appears to be a flat correction. Flat corrections consist of 3(A) 3(B) 5(C) subwaves. We are currently in wave C = 5 subwaves. We are anticipating one final move down to complete wave C.
Trade Idea: - Enter on break of trendline or signs of reversal - stops above blue structure or above price once entry trendline breaks - Targets: 11.2 (3000pips), Taper thereafter