Friday, November 23, 2012

Recap + EUR GU EJ 23 Nov

Recap 22 Nov

EUR and EJ had strong moves up as per bias. GU fell from the general resistance area and W R2 1.5962.

23 Nov

EUR - Pos D close above 50 RSI level. 4hr higher high higher low in tact. 1hr shows first signs of stall. Bias up.

GU - D neg close doji, RSI on 50 line and still above its ma, price still above D 8lwma. 4hr higher high higher low flow still in tact. 1hr has the potential to flip over first to give a lower high. We are at a resistance level. Bias up but a negative engulfing close on 1hr would signal potential scalp sell.

EJ - D pos close, RSI flat. 4hr RSI crossed below its ma. 1hr lower highs showing but we seem to have a base around 105.90. Bias up.

There is potential for scalp sells on all 3 due to 4hr and 1hr, these will be against the D which has not yet confirmed. 




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