Thursday, November 1, 2012

Recap + EUR GU 1 Nov

Recap 31 Oct.

With the problems from the storms battering the US no real bias. Both pairs went up. EUR (EJ and GJ) went before GU on 15 min chart so if you missed those it was a good heads up when GU gave a solid signal. The moves up never followed through much (as has been the case this week one push and then sideways). EUR then went sideways for 4 hours generally contained by W M3. I do not sell pre/early US session counter the move of the day on 1 x 1hr weak candle but multiple candles on 1hr and after the news is a different story.

1 Nov.

EUR - D big shooting star but couldn't go below 50 RSI or its 8 lwma. 4hr shooting star at W M3, evening star pattern. 1hr showing a potential head and shoulders, neckline around Y lows. Bias down but an engulfing pos close could easily see us move up.


GU - D pos close, at the highs of 25/26 Oct. 4hr and 1hr flow up. With the multiple tops there is the chance for move lower. Bias up.







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