Time for Risk off

...And so we had a similar set up short on NZDUSD and EURJPY addition to a lovely high test bar on Euro Dollar with the all important lower high on the hourly. As Gold plummeted yesterday, this was a good precursor to AUD and NZD following suit throughout the night....and, in turn, the risk based currencies following their lead into the open in Europe... Risk based currencies are correlated after all...

Last night I had an order placed at break of the low on Kiwi and Euro short (with another order half way up the bar).

Those who are already in EUR and NZD short - enjoy the ride.