glennmercer

EURAUD Ending Diagonal Completing: HUGE Potential Reversal

Long
glennmercer Updated   
FX:EURAUD   Euro / Australian Dollar
Hey Traders! Here's one that's been in the works for a few months. Potential massive R/R opportunity with entry at the completion of the ending diagonal. SL is placed quite tightly behind the invalidation level. This is the level at which price if price passes we will need a recount. Updates to come as the tide rolls. Happy trading!
Comment:
First position was a loss of 8 pips. We got a nice retrace in wave-ii, and a wonderful long opportunity with a tight stop. Check it out here:

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