AUD Daily and 3-day pattern 8:10 amTrading below the Weekly lows and heading down into October lows.
It's a shame that the AUD couldn't test the 5-day 50% level or 3-day filter this week to get a nice short-trade down into these lows.
There were a couple of near misses, but no robust patterns. In fact I've struggled to get a good trade this week, which isn't often the case when trading during Asian trading hours. AUD is normally the most robust.
The same with the YEN. My most robust spreads during my timezone and I can't take a trick, compared to the Euro.
Friday:- there is always an expectation of a reversal back into the 5-day 50% level during the week, and without one this week Friday's view (above the brown filter), is to move back into the 3-day filter.
3-day filter matches the Weekly lows:- random resistance
Below Thursday's lows and Friday's brown filter, and expectation price is moving down into Friday's lows.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
