Monday: "Any reversal down I would like to see the 3-day highs hit and then begin a rotation back down into the 5-day 50% level"
Yesterday's report
AUD Daily & 3-day pattern
AUD pushed higher on Monday and stalling around the highs.
Expectation that with the Weekly highs, along with my view yesterday of reversing back down into the 5-day 50% level from these highs, that's how i'm treating Tuesday's trading.
High Risk trading shorts above the Weekly highs .9737
Note: potential reversal down in this 5-day pattern is back into the Weekly 50% level, but for Tuesday, the downside reversal is back towards the 5-day 50% level.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
