AUD weekly and 3-day pattern
AUD bearish with the expectation of lower prices.
Thursday’s 5-day 50% level is the trend guide….6405.
If it’s above 6461 it could move back towards Thursday’s highs, looking for a retest of the December 50% level.
Below the 5-day 50% level and it’s down towards Thursday’s lows.
Euro Weekly and 3-day pattern.
At this stage there is no other conclusion I could make other than price continuing down from the 5-day 50% level towards Thursday’s lows.
Above 1.2875 %-day 50% level and price is back towards 1.2942.
An UP day isn’t part of today’s probability pattern, but don’t fight the trend.
GBP Weekly and 3-day pattern
GBP Weekly HOOK bar over the Weekly 50% level has played it’s probability pattern of rising upwards from the 5-day 50% level on Wednesday.
I’m still bearish on GBP, but price could continue up towards February’s 50% level by Friday.
Trend guide 1.4456 could push prices higher towards Thursday’s 3-day filter.
Bearish pattern will only be confirmed if price is trading below the 5-day 50% level on Thursday.
