AUD Weekly and 5-day pattern
Lower Weekly open and Monday's UP move much higher than expected, as was the case with most markets.
Monday didn’t move down far enough to provide swing trades into higher Daily close (5-day lows or Weekly 50% levels)
Tuesday:- no probability patterns.
There is a breakout of the 5-day high, and as this stage price looks to be rising up into the Weekly highs and Tuesday’s highs.
I’m still bearish on the AUD around these levels, and the 3-day filter could provide some 4 hour resistance, but I’m not sure how much down side there will be after that.
Euro Weekly and 3-day pattern.
Swing trade up from a lower Weekly open and could continue higher today towards 1.3665.
The price action on the Euro has stalled around last week’s 5-day breakout, which could result in a higher Daily open and sell down…
But that’s going to be defined by the 3-day filter @ 1.3545.
Simply trade on the Side of the filter.
GBP Weekly and 5-day pattern…
I certainly wasn’t expecting GBP to move as high as it did based on a number of patterns last week, and the MAY highs:- resistance.
I shorted the 3-day filter level during the Asian timezone for a 41 point range partial exit, but the follow through down didn't occur
No probability pattern on Tuesday
