jbourgault
Long

EURAUD long (but wait until ABC correction's over)

FX:EURAUD   Euro / Australian Dollar
23 1 2
AUD is going up right now (amid risk on mood). Wait for ABC correction to complete. Also, check if the bottom of that pair correlates with SPX             reaching 2060, OIL             40.20 and USDOLLAR             ~11880. That could be a turning point at the start of next week.

Limit Buy @ 1.4619
Stop loss @ 1.4585

Target #1 : TBD... 1.5 extension?
Target #2 : TBD... 1.618 extension?
The breakout happened a bit later than expected, but it seems an impulsive wave 3 on the 4H chart is on its way.

I'll be waiting for a small retracement to complete and then go long for a couple days.
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