EURAUD: Explosion pattern spotted

FX:EURAUD   Euro / Australian Dollar
EURAUD             has a massive coiling pattern in all timeframes and it's now breaking out, we can expect a dramatic drop towards 1.3211 from here.
Go short at market, add on dips, risk 1% max on all positions.
Stops should go above 1.4604.

Good luck!

Ivan Labrie.
Comment: 110 pips down
Comment: Down 200+, it can go 1000 pips more still.
Comment: On track.
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