AUD Weekly and 3-day pattern 9.30am
Expectation that the AUD is moving higher, but didn't get down into the 5-day 50% level.
Tuesday:- I would still like to see th AUD move down towards the Weekly balance point and then look for longs from a lowr daily open.
3-day filter (yellow) random resistance.
EURO Weekly and 3-day pattern
Expectation of a move down in early January to test the Monthly 50% level has played out with a breakout of Monday's lows.
Tuesday:- breakout pattern would need to see price back into the 5-day 50% level and short trade down again.
Random length would be down into Tuesday's lows, but not sure if it would get down that low.
Don't short trade above the 5-day 50% level
GBP Daily and 3-day pattern
Expectation of weakness on the GBP, but first wanted to see a move back towards the Weekly 50% level before any trend continues down.
Tuesday:- ideally a move up from the 5-day 50% level towards Tuesday's highs.
Tuesday's highs random resistance.
If the Sell pattern is going to play out, then Tuesday should move up towards the Weekly 50% level and Tuesday's highs and stall, and then we look for a 'sell' set-up on Wednesday
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
