binaryoptions
Long

BUYING CALLS FOR ONE WEEK EXPIRATION DATE

FX:EURAUD   Euro / Australian Dollar
105 0 0
not only that we have a falling wedge that broke to the upside there, but the downside trendline from the whole move from the 1.50 area is broken as well....this makes the case for a nice retracement, so even if this is a c wave to the downside or a first wave in terms of Elliott , we still need a nice retracement.....one week expiration because if this move is corrective then we want to avoid threes in there (abc's)
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