GBP 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.
GBP 3-day pattern
Only 1 trade last week on GBP, which matched my timeframe.
And price didn't rise high enough to move into any short positions other than Monday's sell pattern from the 5-day 50% level, which matched the previous Friday breakout.
Monday's report out after 11am....
