AUD Monthly and WeeklyMarch 50% level resistance with the view price is going down into the lows
AUD 5-day pattern
Two Probability patterns last week and both Failed.
First:- Sell the 5-day high on Monday with the expectation Tuesday should continue down from the 3-day filter, which often matches the 5-day 50% level.
Monday reversed down but Tuesday went UP.
2nd Probability pattern Wednesday’s HOOK day.
Buy the 50% levels on Wednesday and partial exit at the 3-day filter, and hold until Friday
That played out into the 3-day filter but the follow through once again didn’t play out reversing down.
The point of probability patterns is for those looking for more than short-term moves after partial exits. It’s trying to hold for a 2nd day, or in the case of a HOOK pattern into the end of the week.
Thursday and Friday there were no probability patterns other than using the levels in the market are look for 4 hour trading patterns.
Friday ended up with the sell down, which is what I was looking for on Tuesday.
Euro and WeeklyLooking for a move down into March lows
Euro 5-day pattern
Two Probability patterns last week and both Failed
First:- Sell the 5-day high on Monday with the expectation Tuesday should continue down from the 3-day filter, which often matches the 5-day 50% level.
Wasn't as precise as the AUD, reversing down from the 3-day filter.
Monday reversed down but Tuesday went UP.
2nd Probability pattern Wednesday’s HOOK day.
The 50% levels on Wednesday and the 3pm BUY, but the partial exit at the 3-day filter failed to reach unlike AUD and GBP.
Thursday and Friday there were no probability patterns other than using the levels in the market are look for 4 hour trading patterns, but remained below the Weekly 50% level on Thursday and pushded lower on Friday
GBP Monthly and WeeklyMarch 50% level is the trend guide and whilst below expectation price is pushing down.
GBP 5-day patternIt started off from the previous Friday and shorting the 5-day highs.
Price moved down into the blue filter on Monday, and I knew that if it remained above that it was going back to Monday's highs.
Anyone short from Last friday, would have partial exitted on open on Monday, and ran tight stops.
But any Shorts around the 5-day highs on Monday Failed.
Tuesday was simply defined by the 3-day filter.
Wednesday's HOOK probability pattern partially played out but failed.
And Thursday and Friday there were no probability patterns other than looking for 4 hour intraday swing patterns using the levels in the 5-day pattern.
Monday's Reports out after 11am
