Any counter trend trading fans on EURAUD? Shorting idea...
An aggressive move up might be over as pair is leaving the inner rising channel. Take short if recent low is taken. There is nice divergence on momentum oscillator and we're right at 0,786 fib retracement. Initial target at 1.519 with SL above the highs. Be careful as EUR was strong all day while we saw a free fall on AUD all day long (just printed new low). But... what we bet on is correction of this pattern.!