Based on current PA, I think EU rallies into 1250 and then sells off. NFP tomorrow could well be the catalyst for spike and lower trade. Alternatively, blow north through it all
Looking for it to bounce...take out equal daily highs and seek liquidity above.
Short term "short play"....if EURAUD bounces I like short to take out double bottom stops. Like long in the 1.4280 area.
Long AUDNZD and AUDUSD to areas (then looking short....NZDUSD I think will bounce up to .7185 area and then short again
Looking for market to trade a little lower and then run long to take out stops to .7600
EU pullback of 38% would put an ABCD play in place....coincides with 123 pattern break out ext of 1.61
Interesting how the completion lines up with long term monthly. Not trying to hold it but interesting.