This is the pattern that I was looking for before any higher move can take place, even though it's only the first day of a 2-day reversal pattern.
Because the AUD hasn't completed the 95 pip reversal, I would like to see Tuesday come down complete the move and bounce off Tuesday's 3-day low pattern before any UP trend continues...."
Yesterday's report
AUD Daily and 3-day pattern
Expectation that the AUD would continue higher this week after testing the 5-day 50% level and rising up from the Weekly 50% level towards the Weekly highs.
However my ideal Long set-up off Tuesday's low and 95 pip spiral didn't pan out...
There is no probability pattern on Wednesday, but because price has broken out on Tuesday, the expectation is that price will move up on Wednesday and reverse back down into the 5-day 50% level before the trend continues higher the following day....
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
