AUD Daily and 3-day patternYesterday's view was that price was more than likely move up into the brown filter and then reverse down into Wednesday's lows.
I also said that, if there is going to be another move higher this week it should be supported at Wednesday's lows and then move higher on Thursday.
Thursday:- there is no probability pattern other than trading the brown filter and 5-day 50% level.
Either price rejects and continues down... or moves back above the 50% level and moves back to the 3-day filter.
EURO Daily and 3-day pattern
Same pattern as the AUD, with the expectation of a reversal back down into Wednesday's lows.
Thursday:- Simply trade on the side of the 5-day 50% level.
At this stage looking at the price action it favours a higher move, we just need to see price trading above the 50% level and brown filter.
GBP Daily and 3-day pattern
No probability set-up
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
