FOREX 9th September 2008 part 2

Euro and AUD spirals 9:25am

Euro completes the R41 range before 11am, therefore in theory it still needs to complete this range after 11am to move into 'open trading'

partial exit 1.4151 + 28 and holding into next R41...

Either it continues up into another R41 as it moves back into Monday's low, or reverses down and takes out my breakeven stop @ entry.

AUD:- going to sell on completion @ 8170 + 24 and exit

Even though the same pattern could continue higher, but prefer to leave 1 and take off the other.
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AUD R41 high target was 8172 and price hit .8171 not taking out my exit target.

Stopped on entry price + $0




  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT


  • Exact levels shown for current day aren't confirmed until midnight GMT






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