Thursday, October 25, 2012

Recap + EUR GU 25 Oct

Recap 24 Oct - EUR fell as expected. GU did not and gave 2 x 1hr higher low buy opp's.

25 Oct.

EUR - D hammer but we are still below its 8lwma and RSI has not crossed up as yet. 4hr RSI has crossed up but we are still on lower high lower low - just. 1hr flow seems to have turned up. No bias either way today.

GU - D engulfing close suggests up but we are still on lower high lower low. Bias up, there is a resistance area below the W pivot 1.6058. An engulfing neg close should give a scalp sell. Would prefer price to flip below 1hr 32 lwma for sells.





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