AUD Weekly and 5-day pattern
No Probability pattern on Wednesday.
Tuesday high breakout should push upwards on Wednesday Random length.
Yesterday I was looking for a push down, but once the first 4 hour period failed to move down from the 3-day filter I moved on from trading the AUD
Euro Weekly and 5-day pattern
Tuesday I was bullish around the Yellow filter with an expectation of higher prices.
There was an early 4 hour support and a 41 pip UP move, but then it failed with a false move downward.
Today:- Price is heading UP into June highs, but how it gets there on Wednesday is what we should be trading.
Above the Yellow then it's going higher, this is also matched with a close above Tuesday's highs
However, my ideal pattern to trade longs is always to move down into 3-day filter support and then continue higher.
Therefore for day traders it's simply to trade on the side of the Yellow filter.
- All Daily forex reports are written befre 11.00am Sydney Time, which is approximately Midnight GMT
