Saturday, October 13, 2012

Recap


Recap - EUR London open 1hr engulfing pos close that broke above the immediate range. Following a pos close day a solid buy set up. Much better than GU that had a shooting star at the same time.

In the afternoon GU followed through on its engulfing pos close.

Whilst I had no bias for the day the 1hr pos engulfing closes that are now in line with the previous D chart pos close (morning star pattern) are strong set ups. If the London open moves up had failed I'd have been just as happy to sell engulfing neg close 1hr candles.

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