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