AUD 11:30 part 2
expectation that any up move on AUD was dependant on brown filter support after 11am, and that's not the case....
At this stage expectation that price is heading down into Wednesday's lows :- use R41 spiral top to trade down... (below filters)
JPY/USDI haven't followed JPY, but i'll be following JPY and CHF for the same patterns.
Sorry I won't be analysing them, but traders should keep an eye on the same patterns during the day.
Short 108.79 (stop 108.93)
This trade is far more tricky as it's trading above the 5-day 50% level, but pushing down from the 3-day filter..
so it's an each way bet and it won't surprise me to be stopped out...
Ideal pattern would be to continue down completing the range lower, and then continuing down on Wednesday from the 5-day 50% level.
Best pattern would be a lower close :- double R41 and then a test and reject pattern under Wednesday's 50% level to verfiy the move down.
Note:- last 41 point bar needs to complete to move into Wednesday's trading so it won't surprise me to see a 'pop' upwards.
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JPY stopped 108.93 -14 pips
