Counter trend falls early in London session did provide buying opportunities in line with bias.
14 Dec
EUR - D closed a doji previous highs respected, 1.3100 proving to be a key level. The failure to go higher is clearly shown on 4hr chart which is showing divergence (price has not yet confirmed), 1hr looking choppy with divergence and its get tight between possible entry and the highs. We seem to have an inverse head and shoulders with 1.3100 the neckline. Bias up, getting an entry might be tricky. There obviously can be fall from 1.3100.
GU - D closed negative, RSI crossed lower but we are still above 8 lwma. The negative close seems to have confirmed the divergence. 4hr has sell signal and a lower high, ranges contained by the W pivots. No bias.
EJ - D closed positive on a narrow range, making new highs and RSi is not confirming. 4hr higher high higher low in tact and also showing divergence (price to yet confirm). Bias up.
Friday mornings can be volatile so with the mixed signals will be careful on any trades, or just sit out a likely option.
No comments:
Post a Comment