AUD Weekly and 5-day patternWednesday reversal down, but as pointed out in Yesterday's report, it wasn't a high probability pattern on the 3rd day.
Thursday:- Trading below the 5-day 50% level, and there can be a push down into support around the Weekly 50% levels and Thursday's lows.
If it hits Thursday's lows I would look for rotation up on Friday.
5-day 50% level & 3-day filter random resistance
Euro Weekly and 5-day pattern
Pushing down into Support around the Weekly 50% levels.
If Thursday moves up early then I would look for the same 4 hour resistance patterns around Yellow resistance.
Don't short trade above the 5-day 50% level.
GBP Weekly and 3-day pattern.
no probability pattern at this stage.
Below the 5-day 50% level would attract some sellers down into 1.5777
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
