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jbourgault

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

Long
Euro / Australian Dollar (FX:EURAUD)  
jbourgault  
FX:EURAUD   Euro / Australian Dollar
2
1
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?
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