20th November 2008 AUD, EURO part 2
AUD 11:15
AUD has closed right on its Wednesday lows.
As per previous report there is an expectation of lower prices on Thursday, but price can still swing upwards into the 50% levels before it continues down.
Short 6397...
Ideal pattern would see the AUD capped below 6398 and move into a multi- 41 point ranges below this level.
There could be 3 to 4 rotations.
The closer it comes to 3pm AUD will make it's move either way.
Therefore, i'm either going to get stopped out (6410)
or I'm going to partial exit @ 41 pips and trade any tops around this level for the next 4 hours.