No question weekly UpTL at 91.35 now broken (though we should really wait for NY close tonight for confirmation).- Short last night at 91.17. (Was too tired to post real time).
- Last 90.26.
- Await pull-back towards old UpTL to add on. The process should crystallize some kind of a classical reversal pattern that nails the short trade. (see old post "How Tops are Formed"). That's the time to bet the ranch.
- For now, the initial TL break is a momentum play and profits on shorts should be taken when selling is deemed overdone.
27 November 2009
AUD/USD : No Question Now
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