AUD Weekly and 5-day patternSideways trading pattern, with random 4 hour resistance levels around the 5-day and 3-day filters.
Ideally I would still like to see AUD come down and Test the 5-day lows before heading higher in June.
No probability pattern on Friday
Euro Weekly and 5-day patternThe Euro came down into the MAY high break and Thursday's lows (5-day lows), and it should continue higher.
However, if i'm looking for a low Risk long on Friday there isn't once because of the 3-day filter.
My low risk longs always have to be trading above and then retesting the level with a 4 hour low, which means a 4 hour UP move and then next 4 hour comes down and verifies support.
Yellow filter and 5-day 50% level is the short-term trend guide
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
