AUD Daily and 3-day patternAs per Weekly Report :-
http://forexspread.blogspot.com/2008/06/forex-audusd-14th-june-2008.html
Looking for a push upwards on Monday towards the Weekly 50% level and then a continuation lower.
Normal price patterns from lower Weekly opens is a two day counter-trend move before the trend continues down. Monday is the first, and if Tuesday follows the same pattern, then price should continue higher....
However, looking and the range length on Monday, price on Tuesday can easily reversed down from Tuesday's 3-day high and spiral top.
As mentioned in the Weekly Report, we need to see a higher Daily open to trade down, and this is aligning with Tuesday's 3-day high (Yellow).
Dont' short trade above the Spiral filter.
