Simple's Green Room

[simplegreen]

Good afternoon peeps..on EUR/AUD I see no problem for 1.27 to 1.2720 if it clears 1.26 after some expected profit taking but dont see how it can go much higher than that without a significant retrace from there first.If it does go back soon to visit 1.2560 I would not personally enter a long there because it would set up a head&shoulders from which it might fall dramatically rather than run back up.That level could be more of a guessing game...up?/down?...hard call to make.