skymtrader
Short

EURAUD BEAR BUTTERFLY

FX:EURAUD   Euro / Australian Dollar
I'm hoping to trade Long the completion of this C-D leg and re-test of previous resistance this week.

Looking for a possible double top and reversal signs for a nice Short opportunity!!!

600+ Pips downside

KEEP THE RADARS UP!!!
Perfect
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Agreed and favored. My only doubt is Target 2 simply because AUD is diving into abyss with no support and Target 1 is excellent support. I have posted long term bullish idea yesterday, based on monthly bearish bat. Good luck.
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skymtrader Nightwish
Agreed on the AUD assessment believing that pair has at least 800+ pips of downside to its final target! I've beeen watching the EURAUD pair for a pullback to the key level it broke through recently before continuing upward. Hoping this reversal, if it plays out, is one of the first indicators of EURAUD preparing for some extended relief...we know anything can happen though! Thanks and good luck to you also :)
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