If the Euro or AUD remain in a tight sideways pattern supported above the Weekly 50% level, then over the next couple of weeks there will be a number of daily patterns that rotate up and down within the 5-day range.
And the 3-day filters should be used accordingly:- 4 hour patterns and 41-85 pip ranges"
Previous Weekly Report
AUD Weekly and 5-day pattern
As per previous Weekly report that's how this week has played out.
Friday:- no probability pattern, use the levels in the 5-day range
Euro Weekly and 5-day pattern
Same applies in the Euro:- 5-day 50% level matches the Weekly 50% level and lower daily open, but trading below the 3-day filters.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
