AUD Weekly and 5-day pattern
On Thursday there wasn't any probability patterns other than using the levels in the 5-day range and trade 4 hour patterns and 41 pips.
Friday:- there is a 5-day breakout on Thursday which will continue higher into Friday's highs.
There are two patterns at play here:-
1. moves up into Friday's highs and reverses back down into the 5-day 50% level.
2- continues to trend higher into June highs:- higher Friday close
A higher Friday close can play out after this week's bounce off the Weekly 50% level.
Trade on the side of the Yellow filter.
Euro Weekly and 5-day pattern
Yesterday I was bearish in early trading around the 5-day 50% level and Yellow filter, but I was only bearish for 4 hour patterns because price is rising up from the Weekly 50% level
Friday:-
If it's above the red filter it's going up into Friday highs to finally complete the move into the 3-day cycle high @ 1.4268.
Simply don't short trade above 1.4268, as it's a Friday high breakout looking for a move into the June highs.
There is no guarantee it will go up on Friday, as this week seems to have daily bars that are closing in the opposite direction :- higher into lower.
Today being higher open can move down, but it's hard to be trading any shorts at this stage.
Ramdon resistance 1.4268
