Im still pretty wet behind the ears with this stuff so take everything I say with a grain of salt. On the weekly chart we’ve just bounced off a pretty major trend line(4th hit), also notice the Parabolic SAR crosses at the 3 closest tops. The daily chart shows the trends better, note the PSAR hasnt crossed yet. Im currently in with one possition, stop over the high. Thinking of taking a second more short term position at the psar cross on the 4 hour chart. Everyones waiting for good possitioning for the mass euro sell of, but I think the poor little aus may already be there.
I’ve been watching and waiting for this trade for about 3 weeks now and (prematurely) entered and been stopped out about 3 times…
I want to see how today’s candle ends up before jumping in a 4th time!
Looking good so far for a DHLC (double high lower close)/BEEC (bearish engulfing candle).
Looks like the USD bulls are back today :rolleyes:
This is shaping up nicely. I’m going to see how it looks on Monday morning, if I hadn’t had such a bad couple of weeks I would have jumped in already 
Im currently loving it. I took a short on the last wave and lost it aswell. I just took profit on my first possition for stop insurance, but I have a feeling the second will go far.
If your worried about jumping into this one late, The EURAUD should go into a reversal if this one continues to work. Ill be taking a long possition on it if we break the .911 zone, and the parabolic sar crosses on the 4 hour euraud chart. I hate having related trades, but I love the EURAUD. On the other side, if this starts to fail Ill hedge with the EurAud, and go short.
edit:Im waiting for confirmation of wave 5 on the audusd, then Im going big on the euraud. the audusd had a retracement of wave 1 at 50%, and wave 3 at 50%. the Euraud is currently at a 50% retracement of its wave 1. (30min charts).
If AUD/USD goes below the 61.8 fibo at about 0.9085 I’ll take a ride down to 0.9000 
If your worried about jumping into this one late, The EURAUD should go into a reversal if this one continues to work
EUR/AUD is showing a nice pin bar, I’ll see what that does from the sidelines for the meantime 
When the Euro failed to break 1.348 I took profit on my open possitions. First possition on AUDUSD 60pip +, second possition 66pip+, single possition on EURAUD 15pip+. Looking to reposition at the top of a corrective wave on the AudUsd(possibly up at the trend line).
edit: in this situation the EurAud was a leading indicator, if I would have been paying attention I would have an extra 20 pips in my pocket.
Wow, I got caught up in small scale and missed the big picture entirely. On the bright side, it was still at a good level to reposition with a minimal stop, so Im back in. Thanks alot, Im glad Ive stumbled upon this forum.
edit: got out again with a minor loss. The system I use is saying go long currently. Im of the oppinion this is a corrective move.