FOREX AUD/USD 9th September 2008

AUD Daily and 3-day pattern

Expectation of some pullback during GMT hours on Monday down from the 3-day filter, but didn't expected a reversal down like yesterday on most forex spreads

I didn't short trade down because at the time I didn't have matching filters to take the trade, plus price was above the Weekly balance point.

Tuesday:- I would have to favour a re-test of Tuesday's 50% level, with matching brown filter and if its below the brown filter a push down on Tuesday:- random length

Long:- .8146 looking for an 'open trading' completion by 11am and exit using spiral filter.


  • 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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