There is resistance around the 5-day 50% level and July's highs on Monday, but it's not a probability pattern because price is trading above the 3-day filter. (minimise exposure)
Ideally I would like to see price hit the 3-day highs (Monday) and then look for a push back down from a higher open on Tuesday..."
Yesterday's report
AUD Daily and 3-day pattern
AUD rising UP on Monday, and Tuesday's highs align with my Weekly Report view and yesterday's pattern of 'selling' the 3-day high.
Tuesday's high is resistance and looking for a push back down into the 5-day 50% level.
Random length on Tuesday, but ideally would be a trending down day into Tuesday's lows.
Note: intra-day filter won't align with 'shorting' so it's high risk trading 'shorts' above Tuesday's highs
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
