9th Dec 2008 AUD & EUR/USD part 4



AUD 14:50

AUD pushed down into Monday's breakout:- random support.

Silly me I shuold have held the break and exitted lower.

At this stage support is valid coming into the 4 hour timeframe @ 3pm, but no spiral filters to trade longs from.

on sidelines

Euro 14:50

Monday breakout support.

Long 1.2858 (stops 1.2845)

looking for a move up 41 pips and hold towards 1.2931.

If looking at 4 hour patterns today, trade on the side of the blue filters, as any up trend should remain above them and not break lower.