glennmercer

EURAUD EW Coutn: Buying The Bat + Ending Diagonal w/ Tight Stop

Long
glennmercer Updated   
FX:EURAUD   Euro / Australian Dollar
Hey Traders! We saw an ending diagonal last night and a beautiful breakout to the upside. Now, we have a great opportunity to trade the third wave after an abc correction. The correction ended in an ending diagonal which is an optimal entry. Target is placed at the completion of a bearish bat with much higher targets above. Updates to come as the tide rolls
Trade active:
Order Filled!

Trade closed: stop reached:
13 Pips with a slightly later than usual entry, but that's alright because risk is adjusted accordingly. Again, still short the Aussie but I want to find a bargain entry. Waiting in the weeds on this pair for now and may even wait for the pattern completion to go short. Updates to come, cheers!

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