EUR/USD Weekly 13th September 2008

Euro Weekly and Daily


Euro bounces off the September lows using the Weekly chart, and once again the Weekly balance point is going to help define the trend next week, and any upside move would be towards the September 50% level.

Once the trend is defined, then the 5-day 50% level will help with some probability patterns during the week:- rotation and extension.

Euro 3-day pattern

Not many probability patterns played out precisely, compared to the other spreads.

Shorted Monday's highs but was stopped out, and then the rest of the time I was trying to take small chunks out using the spiral filters, but not many of those aligned with my timezone.

5 trades: - –15 +29 +35 +28 -14 = 63 pips