Another week another 284 pips trade

Bought a higher low from lower time frame but it was a little early and the bounce came from the W M0 pivot just below our entry. As often mentioned the aud pairs seem to love the W pivots. Exited again for +284 before the weekend and we are also away Monday/Tuesday next week.

Trade of the week 284 pips

Price came into a resistance level identified by the D chart and W R1. We sold a lower time frame lower high and exited at a potential support level for +284.

London open 4 March '15

Same set ups that occur frequently.

5 minute charts - the eur pairs fail to follow through on their moves up. Prices fall from the top of their ranges with clean AB moves below the 20lwma's testing the lows of range, small BC retraces to form the lower highs. As confirmation there is agreement across pairs so we are confident that the eur was generally weak.

The GBP pairs follow some time later after London open.