7th November 2008 AUD, EURO part 6

AUD 16:25

AUD swings upwards after 3pm and hit filter once again

Short 6728 partial exit 6701 +27 (breakeven entry stops)

Ideal pattern is for the AUD to continue down into the brown filter, reverse upwards and form a rejection pattern, and then down into Friday.

Holding for a double R41 and exit, and then trade the rejection pattern.

This might not occur because price could still continue upwards into the 5-day 50% levels @ 6758