FullTimeTrader
Short

EURAUD-another triple top with triple divergence

FX_IDC:EURAUD   Euro Fx/Australian Dollar
540 5 9
This setup is similar to the GBPNZD             , a triple top with triple divergence (very rare)
GBPNZD-triple top with triple divergence-very rare
We have also a long term resistance to protect our SL.
The risk is low and the targets are ideal, we should manage actively the trade following the price action.
Regards
Would we a nice short, though :) LOL
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Hello, losing is part of this trading game as you already know off course. Most important is keep risk under control and be disciplined. Regards.
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UPDATE: closed positions due to news from EU and waiting for the dust to settle...............
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Since the EUR just rallied hard against the dollar, probably due to the Greek bailout being secured and snap elections, will this have any major implications on this pair?,
So tempting to short because of the divergence
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Arrggg! yes lately there are many unexpected news, i would better close this trade....... be carefull.........
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