AUD Weekly and 3-day pattern
Currencies have moved upwards into the Weekly 50% levels in the first 2 days of the week, but on Wednesday have reversed back down.
This could lead to more weakness based on Thursday's trading....
Or....
If currencies can find some support around the Weekly balance points on Thursday and consolidate, then on Friday we would look for a continuation upwards into a higher Weekly close.
Thursday:- Weekly 50% level rejection and being sold down from the 3-day filter.
At this stage price could actually continue down towards Thursday's lows.
Trade the levels:- random support 5-day 50% level.3-day filter resistance.
Euro Weekly and 3-day pattern
As pattern as AUD:- looking to move back down into the Weekly balance point.
If Thursday follows further weakness then it's down into Thursday's lows.
3-day filter resistance
GBP Weekly and 3-day pattern
Weekly balance point the trend guide :- 1.4066
