Euro Weekly and DailyBreakout of August lows with the expectation of prices continuing lower, but i'm still factoring a counter-trend move back towards the September 50% level before the trend continues down.
This week's 5-day sideways pattern and next week's balance point (5-day 50% level), should provide a much more robust reversal if the Euro is going to swing back upwards.
I was fooled by Thursday's trading:- breakout above with the expectation of price continuing higher on Friday...
EURO 3-day patternThe previous Week I was far more active in the Euro, and the only trade I did on the euro this week was Friday's Long trade.
In hindsight it was a silly trade:- below brown filter and nowhere near support. (using a 41 spiral low)
The rest of the days nothing aligned with my own timeframe compared to the AUD and GBP.
This week I was far more active in the GBP than the euro....
Monday's Daily report after 11.00am next week.
