Friday, January 25, 2013

Recap 24 Jan, EUR GU EJ 25 Jan

Recap 24 Jan

EUR - There was movement yesterday either earlier than we trade or difficult to get into from either overly large candles or the upper wicks.

GU - The down bias played out with 15 min lower high engulfing closes pre/early US session.

EJ - The up bias played out with 15 min higher lows just after London open and pre/early US session.

25 Jan

EUR - D engulfing positive close at the recent highs, we are still within the 1.3400 resistance level. D still showing divergence. 4hr has closed an evening star pattern and 1 hr on lower high lower low. No bias can go either way.

GU - D engulfing negative close, 4hr and 1hr lower high lower low flow. Bias down.

EJ - D positive engulfing close at the recent highs. 1hr chart is showing divergence. Bias up but can reject the highs.





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