AUD/USD 8th Nov 2008 Weekly



AUD Monthly and Weekly

October breakout and expectation of a push down into November's lows.

This pattern was verified with the rejection of the Monthly balance point.

Next Week:- should be guided by the Weekly 50% level on any continuation down.


AUD 3-day pattern

Last Week on the AUD looks erratic:- alot of noise but a number of probability patterns also.

The Previous week on the AUD I only traded 7 times, whereas on the Euro I traded 27 times.

That was because of the lack of matching filters and price action during the Asian timezone.

However this week the AUD picked up, whereas the Euro dropped off.

Monday and Tuesday didn't trade.

12 trades

9 winnners + 375 pips
3 losses - 34

Monday's Daily report after 11am