AUD/USD 15th Nov 2008 Weekly
AUD Monthly and Weekly
Expectation of a continuation down into the Monthly lows, using the Weekly 50% level as a trend guide.
Even if the AUD doesn't reach the November lows this month, there is still an expectation of a double monthly low pattern in December.
6 trades
5 wins 214 pips
1 loss 12 pips
There was nice rotations on the AUD last week, but alot of those rotations were during GMT or US trading hours and not the Asian Timezone.