Trade Updates AUDUSD - Long 0.9960, NZDUSD - Long 0.7570

Friday saw good rallies from the identified areas. No positions were taken, but the AUH1 butterfly with the M30 crab was a classic setup, hitting on London open with a fakeout through Asian lows, then rallying 130 pips.

NZDUSD also performed well from the 0.7570 level, drawing down 10 pips before rallying 80 pips.

USDCAD didn't quite make it to the 1.0320 (1.0304 high), before falling 100 pips. The pattern is now invalid due to violation of the C point.

Today (Monday) we have taken out Friday's lows on AUDUSD and NZDUSD. Whether this was a legitimate break or just a Monday shafting of Friday's longs remains to be seen. For now I remain on the sidelines.