AUD Weekly and 3-day pattern.
Expectation of higher prices in April, but it’s already trading around upper levels on Monday.
Therefore the ideal pattern would be for price to come back down and re-test the Weekly 50% levels this week
Simply trade on the side of the 3-day filter:-
Range:- 5-day highs on Monday and 5-day 50% level
Euro Weekly and 3-day pattern.
Bullish on the euro whilst above the Quarterly balance point and Weekly 50% level…
But whilst price is below the 3-day filter my view is for the euro to come back and re-test the Weekly 50% level.
Note:- price can actually chase the 3-day filter into higher prices on Monday.
No probability pattern on Monday.
GBP Weekly and 3-day pattern
Bullish on GBP to continue higher, as per Weekly report
But already trading around upper levels along with the 5-day highs & 3-day filter.
Ideal pattern would be a move back down and retest the Weekly 50% levels.
3-day filter random resistance & Weekly highs
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
