5th November 2008 AUD, EURO part 2

AUD 3-day pattern 14:20

AUD pushed down but didn't hit support...

If AUD is going to continue higher it will need to push upwards reverse down 41 pips and then swing higher from a lower spiral filter.

Previous trades :- stopped 10 and profit 28



EURO

Support around the 5-day 50% level, but spiral filters are resisting price.

No trades today, but any push higher could see buyers appearing after 3pm...

I won't trade longs unless i see a similar pattern as the AUD:- spiral rejection pattern