EURO Daily and 3-day pattern 8:20amTrading below the Weekly lows and heading down into October lows.
It's a shame that the Euro couldn't test the 5-day 50% level or 3-day filter more than once this week (Monday) to get a nice short-trade down into these lows.
But regardless the spiral filters have been very robust on the Euro this week. In fact out of all the spreads the Euro has had some nice robust set-ups during my timezone.
I've struggled to get any good trades this week on the AUD or YEN, which isn't often the case when trading during Asian trading hours. AUD is normally the most robust.
Friday:- there is always an expectation of a reversal back into the 5-day 50% level during the week, (above the brown filter) is to move back into the 5-day 50% level (resistance).
However, Whilst below Thursday's lows( breakout), there is an expectation of price pushing down into Friday's lows (brown filter)
Thursday:- on the down move there were a few robust spiral patterns.
Short:- 1.3829 partial exit 1.3792 + 37 (breakeven stops) looking for a double R41 whilst below Thursday's.
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EURO: 9:00am covered shorts @ 1.3800 + 29
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