Quote from rsikit:
David ,
Looking at the EURAUD, dam thing broke out on the 60 min at around 1.9660-1.9680 depending on where the you draw the s/r line. And on the daily it looks like its at the 76% retracement from the oct 10 high to the nov 4th low, but I am not the best fib guy. From your expierence on this pair, does it generally have decent retracement? I dont know anything really about this pair but if I just looked it it today I would short it around here and but i cannot find a decent place for a stop I would be comfortable with, but remember I am still learning