Awaiting bumps from bottom trend lines

FX:EURAUD   Euro / Australian Dollar
I have two scenarios in the works on EURAUD and this is their description. I am not in any position yet, but I will be searching for a good entry to long.

There might be an opportunity for a little short as well, until we have a good opportunity for a proper long position.
May 03
Comment: The price is now almost touching the trend line and bumped back a little, watch it closely :)
May 08
Trade active: I am in.
We probably didn't break the channel, so I am speculating on remaining in it, thus going for a long position.
May 09
Trade closed: stop reached: SL hit, suffering 1% equitty loss.