EURAUD LONG OFF THE PULLBACK

THE EURAUD HAS PULLED BACK NICELY JUST SHY OF THE 78 FIB AND HAS FORMED A HOURLY DOUBLE BOTTOM
NOT A STRONG CANDLE FOR A TURN BUT ITS IN AN AREA OF EXTREME IMPORTANCE TO GO LONG FROM HERE
WE GOING TO TRADE THIS 1 FIB UP @ A TIME AND THEN RE LOOK AT POSITION OF TRADE ONCE WE HAVE FORMED A NEW HIGH