AUD 3-day pattern 15:15Trend moves down into pink to pink move, which matches blue filter support....
As a trader you would be buying the support matched with the filter and taking partial exits on the R41 pip high, but knowing you could hold this for the next 4 hours or pink to pink move.
Because it's not a high probability pattern within the weekly timeframe, other than intra-day rotation, it's best to focus on taking small chunks...
Because the 3-day filter is view as resistance.
If you think the Weekly lows are valid support, and the 3-day filter can breakout, then you can hold.
But it's not often that breakouts occur during the Asian timezone
Euro 3-day pattern
Earlier price push downed 41 pips and reversed upwards.
Based on the first 4 hour period you would have shorted the top 41 pip matched with the spiral filter looking for a move down into the blue filter
On this occasion you would be stopped out.I normally run 9-11 pip stops, for a 1:3 profit return for the 41 pip completion.
Price reverses upwards, but then there is a R41 pip spiral rejection pattern.
Buy the low and partial exit on the way upwards 41 pips.
Then we can see the 3 pm buying come in matched with the spiral filter, as it heads towards the 5-day 50% level and 3-day filter.
Resistance.
