AUD DailyAUD looks to be pushing down into Tuesday's lows, which goes close the the Weekly lows...
Trend guide simply use the brown filter.
Ideally I wanted Monday to move higher and back into the 5--day 50% level and then trade down, but at this stage price looks to be pushing lower and the rotation back towards the Weekly 50% levels could occur from tomorrow.
Euro Daily and 3-day patternWeekly lows reached on Monday, and at this stage there isn't a breakout on Monday to confirm more weakness into Tuesday's lows.
But the trend guide should still be defined by the Filters:- below and it's heading down into Tuesday's lows. Above and it's rotating
EURO: spiral filterYesterday I had the view of support and a rotation back into the 5-day 50% level, but once the levels broke price pushed down into the Weekly lows.
I stopped trading, but there were a number of Spiral rejection patterns on the way down and the reversal upwards during GMT and US trading hours.
and once it reached 1.2574 again (resistance) price has pushed down:- confirmed with the filter.
Therefore the brown filters are trend guides, and it's simply about trading and using spiral filters to trade the direction of the market each day
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
