Note: keep in mind that there are 'drops' in the weekly timeframe which favours a lower close by Friday, therefore Wednesday is viewed as an UP day, and then look for a continuation downwards from a higher Daily open on Thursday"
Yesterday's report
AUD Daily and 3-day pattern
AUD pushed lower on Wednesday and then reversed back up towards the 5-day 50% level and hitting the 3-day filter and stalling.
As pointed out in yesterday's report....
If the AUD is going to continue down on Thursday, it should be pushing down from the 3-day filter and trading below the 5-day 50% level.
high Risk trading short's above the 3-day filter :-
Trading longs above the 3-day filter on Thursday isn't a probability pattern.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
