FOREX AUD/USD 12th August 2008 part 2
AUD 14:15
AUD pushed down by the filter and moving into the Weekly and Tuesday lows.
Anyone who sold down, 41 pips has completed and I would partial exit and hold with breakeven stops...
Random support the Weekly lows
If Weekly lows support price, then the filter in the forward timeframe, which would be coming into US time would be something to keep an eye on if prices begin to rise up from the level.
Personally I'll be asleep during those hours, so I won't be trading any longs, but for other traders it's something to keep an eye on.