AUD Weekly and 5-day patternNo probability pattern on Thursday....
Trade the levels
Euro Weekly and 5-day patternFinally the Euro completes the MAY highs.
Compared to last week, this week has been much easier using limit enteries on the euro this week.
Along with using the 3-day filter to trade the market upwards.
Thursday:- Trading around the MAY highs I would think price would reverse down or at least move into a 2-day stalling pattern.
Even though it's around MAY high resistance, it is helped by yesterday's break of the 3-day cycle, which should in theory consolidate for the next two days.
The next ideal pattern on the Euro won't be until the end of Friday and where it closes.
Trade on the side of 1.3786 (MAY highs).
There is nothing to stop the Euro moving into a higher friday close, but at this stage I wouldn't be trading longs around these highs without a pullback
Note:- No GBP Reports until the end of this week
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
