EURAUD 30m Zoom-In: Ending Diagonal & Great R/R!

Sep 28, 2016

Hey Traders! Here's a smaller TF higher resolution entry for the EA chart which I posted earlier today. This will be an addition to my current position, for the record. I want to buy after the completion of this ending diagonal to complete wave-((c)). That way, the stop which is placed beyond invalidation will be triggered only if the trade is no longer valid. This allows for massive R/R potential. If the invalidation level is breached, and that is possible, we will need to consider a LONGER symmetrical triangle and recount accordingly. The R/R is high enough for me to place a position at current wave count, however. More updates to come!