Currency
Long

EURAUD buying opportunity

FX:EURAUD   Euro Fx/Australian Dollar
69 0 3
EURAUD             is in a massive corrective structure and has come to the bottom trend line and bounced. The most recent down move took a very difficult path down, indicating that the next wave up is likely to be IMPULSIVE, very much like the prior wave up. My long term bias is bullish but I will not look beyond the structure until it breaks out. Every once in a while the market provides us an opportunity with very little risk and huge reward potential. I am already in this trade from the bottom when the market bounced and will try to capture as much of this move up as I can.
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