AUD Weekly 3-day pattern
Yesterday's view was that:- trend is down and expectation AUD is going lower, but a bounce off the 5-day 50% level had to potential to move towards Thursday's highs & the February 50% level.
Friday's 3-day filter is simply the trend guide...
Below and it's part of the February 50% level rejection and heading lower next week.
Whilst above it's part of a higher Friday close. but I would like to think shorting below the 3-day filter is the go.....
Euro Weekly and 3-day pattern
Yesterday my view was the 5-day 50% level was going to cap the market, and today I can't see any upside in the Euro.
Personally I wouldn't go looking for long trades:- levels shown are resistance.
5-day 50% level and 3-day filters
GBP Weekly and 3-day pattern
Weekly HOOK patterns playing out, with the potential of a higher friday close.
But the 3-day filter and Daily highs on Friday along with the February 50% level, so these levels are ideal SHORTING zones because of the view of currencies moving back down into February's lows.
