AUD Daily and 3-day patternTight Weekly pattern trading above the Weekly 50% and September lows, and Friday is all about trying to determine which direction the Weekly close will occur:- UP or DOWN.
NO probability on direction on Friday:- price can continue to move down towards Friday's lows, there is a shift in the 5-day 50% level which now matches the 3-day filter.
At the same time:- friday can continue higher and push up from the 3-day filter and continue towards Friday's highs and more based on price moving up towards September 50% level.
Besides Tuesday, the past two days during my timezone hasn't provided any set-up, and at this stage it's a bit early to tell what set-up is going to play out on Friday.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
