FOREX AUD/USD 22nd August 08 part 2


AUD 13:10

I wanted to see how 11.00am would support price above the filter and Thursday's breakout, ideally the best support pattern would have been a 41 pip reversal down and the begin to rise from the Spiral low as it pushes Upwards...

Instead the R41 completed but Price hasn't remained above, and looks to be reversing back down into the 5-day 50% level.

No trades and doesn't look like i'll be trading AUD on Friday...