All Forex Spreads against the USD have followed the exact same patterns in August.
The expectation were for spreads to continue down towards their August lows, but because of the breakout of August lows (friday close), the expectation is that these spreads are going to follow similar patterns as what occurred in global index markets in 2008.
A breakout of August lows and expectation prices are going to continue down, but will have short-term counter-trend UP days.
Therefore over the next few weeks my focus is on providing the most robust 'short-trading' opportunities but only around the 3-day filters or 5-day 50% levels.
This week provided ideal 'shorting opportunities' in some spreads, more so in the Euro, less so in the Aussie dollar, and none in the British pound (read reports below).
That's why it's imperative to follow all three, because even though they follow similar patterns in the higher timeframes, in the short-term not everyone is going to provide the perfect set-up......