AUD Weekly and 3-day pattern 11:10 am (Midnight GMT)AUD has continued down breaking Monday's lows.
At this stage I would look for a continuation down:- random support Weekly lows
Trend guide blue filter and trade on the side of the filter:- random resistance with each 4 hour period.
Note:- whenever a 3-day range breaks price favour moving back towards the break the next day, which often aligns with the 5-day 50% level (3-day filter)
Euro Weekly and 3-day pattern
Monday has supported price and now there is an each way bet on Tuesday
Either price continues with the 3-day pattern down into the Weekly lows
or it swing upwards towards the 5-day 50% level and back towards the Weekly 50% levels
Trade on the side of the blue filter:- no probability on direction use spiral filters
GBP Weekly and 3-day patternGBP is doing what I though it was going to do last week.
Monday couldn't support the market and has pushed the price back below the Weekly 50% level confirmed with a 3-day break.
Ideal pattern on GBP would be to see price swing back towards Monday's break to retest the break and then continue down :- either on the same day but preferably from a higher daily open the next day.
Blue filter trend guide:- random resistance based on 4 hour patterns
