AUD Weekly and 3-day pattern
AUD moves up on Monday from the 3-day filter resulting in another 5-day breakout, which suggest more upside towards Tuesday’s 3-day filter.
Blue filter random @ .6991 random support, with 4 hour lows.
Not so if price is reversing down from Tuesday’s 3-day filter.
Euro Weekly and 3-day pattern.
Euro didn’t rise high enough on Monday to get into shorts on the 3-day filter or Monday’s 5-day high.
Tuesday will be defined by the 3-day filter…
Below and it’s down towards the Weekly 50% level.
Above, and it can lead into another 5-day breakout.
GBP Weekly and 3-day pattern
I'm expecting the pound to follow most other currency and Index markets and continue higher...
However it's not providing the ideal Long set-up because of the 3-day filters.
Ideally the Weekly 50% level and lower daily open would be best, but that might not happen.
trade on the side of the 3-day filter
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
