4th Feb 2009 EUR, AUD, GBP/USD part 3



Euro 22:15

Euro has reversed down from the Weekly 50% level confirmed with a break of the 5-day 50% level :- random support.

As per view of lower prices heading down towards the February's lows.

However for me the ideal pattern was the break of the 5-day 50% level, but also
the R41 rejection pattern using the filter, which matched the price action within this 4 hour period.

Partial exit pink to pink... + 88 pips

holding with breakeven stops from entry...

For someone else as an example, they could run stops above the 7pm highs.

Exit Wednesday's lows