Friday, October 12, 2012

EUR GU recap (higher low flow) + 12 Oct

Recap - On potential buy or sell day Y we had 1hr engulfing pos closes on both pairs for a move up. Exactly the kind of candles we like to see.

EUR - Engulfing pos close on D RSI flat on the 50 level, 4hr has broken lower high lower low flow but struggling below the W pivot, 1hr seems to have a double top/lower high. No bias.

GU - Same set up as EUR but D RSI below 50 level still and the reaction lower from W S1 is more pronounced. No bias.





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