AUD Weekly and 3-day pattern.
Wednesday sold down from the 3-day filter and into the 3-day lows on Wednesday.
Ideally I would have liked that the AUD hit the Weekly lows and 5-day lows to get into a swing trade on the upside.
Hook pattern @ 11pm last night above the 3-day filter pushed the AUD higher.
Random pattern on Thursday:- Weekly 50% level resistance…
But price can still push upwards on Thursday.
5-day 50% level random support.
Thursday’s highs :- random resistance.
Euro Weekly and 3-day pattern.
Tuesday sold down into Wednesday’s 5-day lows and Weekly lows providing the ideal intra-day swing trade.
But the intra-day swing trade wasn’t a BUY and hold, as the exit zone was 1.2571.
Thursday:- expectation price can continue back UP towards the Weekly 50% level.
Robust pattern would be from the Euro to move down into the support levels and then continue higher by Friday.
GBP Weekly and 3-day pattern…
Weekly lows support, but it took off on the 7pm 4 hour pattern back towards the 3-day filter.
If GBP is going to follow a higher move, then Wednesday’s 3-day filter @ 1.4143 should be the trend guide upwards…
