AUD Weekly and 3-day pattern.
April highs resistance and looking for a move down towards the Weekly 50% level.
The trend guide is the 5-day 50% level on any further weakness, but I would still use the 3-day filter to short trade price down.
Limit shorting above the 3-day filter.
Euro Weekly and 3-day pattern
Friday’s close is bearish on the Euro with the expectation price is moving down.
However I would like to see a 2-day up move back towards the Weekly 50% levels before the trend continues down.
But I’m not sure if Monday is the day that price will swing upwards, simply because it’s trading below Friday’s 5-day lows
Random support Weekly lows
GBP Weekly and 3-day pattern
Expectation of GBP moving back towards the Weekly 50% levels this week, but Monday is a lower Daily open which can continue back towards the 3-day filter.
Random support 1.4747
Below Monday’s lows and it’s a lower Daily close towards the Weekly 50% level.
But there isn’t a ‘short’ set-up to trade unless price has moved back towards the 3-day filter and stalled around a 4 hour ‘top’.
3-day filter random resistance.
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
