Let’s revisit one of the markets oldest sayings, namely that if Asia has a substantial move in one direction on a Monday, it is always wrong! This has happened so many times over the last 23 years that I have been watching the market, I am not willing to ignore it anymore. I have booked profits on 1/2 of my AUD/CHF position and 1/3 of my AUD/USD position, in both cases I am hoping to reinstate about 150/200 pips lower.