11:20 AUD
It is obvious when you write a forex report nearly 4 hours before the close of the trading day things can change.
The Forex reports this morning were written just after 7am, when price was trading above Monday's lows. Since that 4 hour period price continued down breaking monday's lows and moving into Tuesday:- midnight GMT.
Therefore the view on Tuesday has changed completely on AUD, and most other spreads.
Breakout and expectation that price an do 2 things :- continue down into Tuesday's lows, or move back into the breakout and re-test the 5-day 50% level and then continue down during GMT hours or US hours.
Which way it goes until then is anyones guess, but at this stage favouring down using the pink filter and spiral points.
Tried going long on the 5-day low @ 7916 but didn't reach, and switched into shorts
Short:- 7962
Euro:- Neutral
YEN:- same pattern as AUD.
Short 104.42.
note:- hopefully this 4 hour period from 11am into 3pm continues down into double R41 ranges.
downside risk increases around 15:00pm
