AUD Weekly and 3-day patternAUD cross over the Monthly 50% level but not from a double bottom in the monthly timeframe.
It’s unclear if the AUD will continue upwards, therefore the Weekly 50% level is the trend guide and the Weekly highs are resistance.
Any UP move should come back down into the monthly 50% level this week, and then use this levels as support.
Monday:- there is a breakout of Monday’s highs, therefore I would look for a move back down to retest the break or the 5-day 50% level.
Trade on the side of the blue filter, which matches the Weekly 50% level.
Euro Weekly and 3-day pattern
Weekly 50% level is the trend guide this week.
It’s also a higher Weekly open which can easily push the Euro lower this week.
The Euro can also continue higher, and move towards the Weekly highs, but that would be confirmed with a HOOK over the Weekly 50% level, and that’s not the case atm.
Weekly 50% level and Monday’s highs resistance.
Trade on the side of the blue filter….
No probability on Monday’s trading as things aren’t unclear at this stage.
GBP Weekly and 3-day patternGBP back into the February 50% level :- Weekly highs resistance.
There is no Weekly close above the February 50% level.
Therefore we have a higher Weekly open with price trading around resistance levels, and if GBP is heading back down we need to see a number of patterns unfold….
Trade on the side of the blue filter:- below and expectation of a pullback into the 5-day 50% level is the first stage of any reversal.
BASED ON TODAY'S OPEN ALONG WITH THE LEVELS IN THE MARKET, THERE AREN'T ANY PROBABILITY TRADES FOR LONG POSITIONS IN ANY OF THE THREE CURRENCIES.
