AUD Weekly and Daily chartsBreakout of August lows with the expectation of prices continuing lower, but i'm still factoring a counter-trend move back towards the September 50% level before the trend continues down.
This week's 5-day sideways pattern and next week's balance point (5-day 50% level), should provide a much more robust reversal if the AUD is going to swing back upwards.
I was fooled by Thursday's trading:- breakout above with the expectation of price continuing higher on Friday...
AUD 3-day patternA few trades this week but nothing to write home about as none of them had any follow through completing the 90-95 pip range.
Each trade completed the 41 pip range ,but each trade was stopped on breakeven entry...
Friday sold down, but it wasn't a 'short- trade' pattern because of the Thursday's breakout .
Monday's Daily report after 11.00am
