EURAUD has formed a bearish engulfing on the weekly time frame on 10/12/2017 with a strong upper Bollinger Band out-break at a previous high. RSI divergence on H4 time frame. Engulfing formed after a bounce off of the strong support level. Bearish engulfing also formed on the weekly time frame. SL set above previous highs. TP set at previous support. 1:5 Risk to reward ratio. I have entered at the open of the market on 10/13. My SL is now moved to break-even after a significant drop on 10/13.