AUD Weekly and 5-day patternReversal down from the 3-day filter and breaking the 5-day 50% level and closing below.
At this stage I don't know Thursday will end up a small range day consolidating or whether price continues down and moves back towards the 5-day lows.
Therefore Random resistance levels are the 5-day 50% level and 3-day filter.
If it's going to continue down then 11am and the 5-day 50% level should send it down.
If it's going to be a sideways Thursday, then it's going to push up into the 3-day filter
Euro Weekly and 5-day pattern
Expectation of a pullback down into the 3-day filter played out eventually.
3-day filter initially had a 41 pip support, but failed to bounce closing below.
This isn't a good sign that Thursday is going to be an UP day, but price can still rise up into the Yellow filter.
no probability pattern:-
5-day 50% level and Yellow filter are the trend guides
Below 1.4101 and expectation price is moving back down towards 1.3916
- All Daily forex reports are written before11.00am Sydney Time, which is approximately Midnight GMT
