EURAUD - End of major upside. Beginning of new downtrend

If the final leg up was going to be an ABCDE; I felt we had just ended the C leg and the AUD strength this week past would have been a D leg. However; the strength and the 1s and 2s suggest more strength to come and infact suggests end of the E leg already. Therefore I am inclined to think that we are going to see significant downside here. Starting sunday i ll take a short and see 1.42 on the cards. Will reassess then.