AUD DailyAUD reversed down on Wednesday from the 5-day 50% level, but not from my entry at the 3-day filter.
Once price closed above the filter @ 19:00, I exitted my shorts saving 10 pips (-15 pips)
3-day filter
Thursday:- there is no probability pattern on Thursday.
Thursday will be opening around some critical levels which could push either way:- down or finally break higher.
Looking at Wednesday's price action:- 5-day 50% level and rejection back under the 3-day filter will on most occassions favour more downside from Thursday's 3-day filter.
I would need to look at price action from 3pm onwards...
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
