AUD Weekly and Daily chartsAUD moving down into August lows.
Tuesday was about the continuation down into August lows for most currencies, and Wednesday is about looking for any potential short-term UP swings to fill in the gaps.....
3-day pattern
For an intra-day swing trader, the ideal UP day would be a bounce of Wednesday's lows and then confirm it with price trading above the Brown filter.
Anyone else I would look for a re-test of the 5-day 50% level, which is part of an UP day, hopefully providing a higher 'Sell' pattern on Thursday using the 3-day filter once again.
Test and reject pattern on Tuesday's breakout....
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
