19th Jan 2009 AUD, EUR, GBP/USD Daily



AUD Weekly and 3-day pattern

Weekly SET-up at this stage on Monday isn't playing out with the 'gap' open.

In fact all currencies have gapped upwards and have very similar patterns....

There is no probability pattern other than trading on the side of the blue 3-day filter.

Either it's going upwards to the 3-day filter higher, or back down into the 5-day 50% level.



EURO Weekly and 5-day pattern

Weekly SET-up at this stage on Monday isn't playing out with the 'gap' open.

In fact all currencies have gapped upwards and have very similar patterns....

There is no probability pattern other than trading on the side of the blue 3-day filter.

Either it's going upwards to the 3-day filter higher, or back down into the 5-day 50% level.




GBP Weekly and 5-day pattern:-

Weekly SET-up at this stage on Monday isn't playing out with the 'gap' open.

In fact all currencies have gapped upwards and have very similar patterns....

There is no probability pattern other than trading on the side of the blue 3-day filter.

Either it's going upwards to the 3-day filter higher, or back down into the 5-day 50% level.

GBP is trading above the Weekly 50% level, therefore the 5-day 50% level is a random support zone on Monday.