EURAUD Bullish overview - going well

UPDATE (Jun/10/11:55)

Ok, nice trade. Target almost reached. stopped twice but because a tight stop. Reenter and things went all right.

Now, in the red rectangle, pair is possible unfolding an AB=CD pattern, or maybe a Bearish CRAB.

UPDATE (Jun/09/16:40)

BAT metamorphed to a butterfly?

UPDATE (Jun/06/06:22)

UPDATE (Jun/06/2008/15:40)

Within the bullish outlook, this is a bearish BAT.

In the next pic I`ll try to link this BAT pattern to the EW forecast.

Dont forget we are in a ABC correction.

UPDATE (Jun/06/2008)

Well, that 5th wave was a pain...

This is my new count, which can be the begening of a new harmonic pattern. Initiallly looking for a Gartley, so expected target will be 61.8 level @ 1.6898, beautiful number.

UPDATE

2 Divergences. The first one didn`t work because it did not give us an entry.

The long red candlle was the GDP announcement in Australia. I didn`t see it coming. Anyway, i think the gap will be filled. Take a look of the meter in the news announcemet.

Original Post

This is another point of view of the bullishness of the pair. Easily we could be 6 months from here in the upsidie movement.

for more info about this pair go to:

http://gustavoforex.blogspot.com/2008/05/euraud-bullish-retracement.html

http://www.pipomatic.com/forum/aud-pairs/euraud-time-to-be-bullish/page-1/post-21/#p21