AUD Weekly and 3-day pattern
Monthly resistance around 7171, with the expectation of lower prices into the Weekly 50% level.
If that’s the case then a higher daily open and 3-day filter should continue down towards the 5-day lows…
Trade on the side of the 5-day 50% level/ 3-day filter
Euro Weekly and 3-day pattern.
Yesterday price was trading around support (Weekly and 5-day 50%) but I wasn’t convinced price would move higher.
Sure I took longs (stopped out), but I wanted to see how Tuesday traded and then look for a more robust Long set-up on Wednesday.
Wednesday is here, and again I’m struggling to see a higher move.
Price is trading around the April 50% level and the 5- week 50% level, which in theory after a 2-day reversal move higher….
But that won’t be confirmed unless price is back up above the 5-day 50% level.
5-day lows Random support
GBP weekly and 3-day pattern.
I’m going to treat GBP like AUD….
Below monthly @ 1.4824 and 3-day filter resistance for a push down into the Weekly 50% levels or 1.4505
trend guide the 5-day 50% level
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
