AUD Weekly and Daily
Last day of August, and instead of price trading around September 50% level looking for a continuation down, it looks like price is continuing down into September lows without the monthly reversal pattern.
The Weekly balance point has been defining the trend within the 5-day pattern, and next week's balance point should be used for the overall trend...
Note:- above the Weekly balance point and the expectation is that price is moving up into September 50% level. If the trend is going to continue down after a test of September 50% level it should align with a higher Weekly open the following week.
AUD 3-day pattern
Only 2 trades last week...
1 loss and 1 winner (stopped on breakeven after partial) , as previous described.
If I solely concentrated on AUD and didn't trade anything else, then there were a few high probability patterns last week that I could have taken.
But out of laziness or simply the set-up didn't align with my time zone.......
But when using the R41 ranges along with the Spiral filters, we can see multi-levels and patterns within the market providing a minimum 41 pip range moves along with Swing and Momentum patterns.
Monday's Report out after 11am
