Euro Daily 7:25Push down on Monday into Monday's lows, with an ideal set-up around 7pm on Monday (Sydney time).....
Compared to the Aussie dollar, the Euro provided an R41 spiral top sell pattern.
Because the Euro pattern was so close to Monday's lows, I exitted on the completion of the 41 range + 34 pips, when I could have held another 41 pip range based on the 4 hour holding pattern.
Entry 1.4660 exit 1.4626 + 34
Tuesday:- hard call as it's trading below Monday's lows, which favours downside moves....
Use brown filters :- no probability pattern
Looking at the sterling below, there could be a swing back towards the 5-day 50% level.. I would concentrate on the British pound on Tuesday.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
