AUD Weekly and 5-day patternTuesday continued down to complete the break and extend patterns in the Weekly timeframe, but it also resulted in a 5-day pattern breakout....
Which should continue down into Wednesday's lows.
Yellow trend guide.
MAY's lows and Weekly lows are seen as resistance on any UP swing (5-day 50% level)
Euro Weekly and 5-day pattern
5-day 50% level sell off and down into Tuesday's lows and Weekly lows.
5-day pattern breakout and whilst below the yellow can push down into Wednesday's lows.
Last Friday's close below the Weekly lows has seen another completion pattern into this week's lows.
Therefore any bounce off Wednesday's lows or above the Yellow trend guide can see a swing back towards the 3-day highs (blue)
