QuileHills
Short

EURAUD Rejected from Resistance Zone?

FX:EURAUD   Euro Fx/Australian Dollar
825 14 23
I have a sell stop order pending as shown with a tight stop loss as EURAUD             appears to be struggling to break this 61.8% fib resistance while showing bearish divergence on the 1H RSI .

My goal is to short this pair down to just above the channel support (red line).

R:R of position shown: 5.83
Trade active
Comment: Draghi stopped me out but I'm re-entering at 1.49996
Thanks for the update
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still in for me :D
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QuileHills king.cholette
I'm back in. Draghi should be sleeping now, hopefully the RBA treats us well.
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saidev99 PRO QuileHills
Thanks for your tip!! Got stopped out by Draghi!! Will let is run till around 1.485....then decision time...any suggestions??
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saidev99 PRO QuileHills
To clarify...got in at 1.501
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This pair have a correlation on Aud/Chf
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QuileHills pipslover
Yes, inversely. -97% correlation.
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easy to get sucked into this one based on the smaller t/f divergence; wouldnt surprise me if we went higher/1.52305 before it drops
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any fundamental drivers that will support this sir?
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