AUD Weekly and 3-day pattern
All Global Indexes and Currencies are following the same patterns :- 2-days rotation back towards the Weekly 50% level from lower Weekly opens.
Now this is a re-curring pattern, which often can see the next 3 days move lower, as there hasn't been any Daily HOOK patterns above these Weekly 50% levels.
But we are trading a Weekly timeframe after 3 weeks of down moves, which can see higher prices by Friday, as price swings back towards the Monthly 50% levels in February.
So which will it be...Continue higher or reverse down?
I don't know, therefore it's simply trade the levels in the 3-day pattern .
Euro Weekly and 3-day patternTrade on the side of the Weekly 50% level, matched by the blue filter....
GBP Weekly and 3-day pattern
GBP favours higher prices simply because of the breakout of Tuesday's highs...
But don't trade longs below the blue filter @ 1.4113
