AUD Daily and 3-day patternMonday Rise up and stall at the 5-day 50% level.
I'm bullish on spreads because of the view of rotation back into September 50% levels.
I'm also bullish when the 3-day filter drops below the 5-day 50% level.
When this occurs there is more reason for a reversal pattern in the 5-day range.
But I can't see this happening until US trading hours.
Probability:- 3-day filter early resistance, but a breakout can or more likely to occur during US trading hours, which doesn't suit my trading timeframe to be trading longs.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
