Sunday, January 27, 2013

Recap 25 Jan

Recap 25 Jan

EUR - Had no bias for the day. When I posted early in the morning we had an evening star pattern on 4hr. This failed and the next candle closed positive above W M3 for a 4hr higher low. This failure to go lower left us above 1hr 50 ema (nicely sloped up) and so in short term uptrend. There were 15 min entries before Frankfurt open and then continuation moves just after London open when price held above 1.3400, pre US open and after US news. The last 3 our preferred times for trades.


EUR closed the week with an engulfing close on the Feb '12 highs. Bias up for next week but we can obviously react lower from this resistance level.

GU - Bias was down but there were no nice set ups for us to consider.

D closed a doji within the recent range. 4hr shows the move into the lows from 21-23 Jan rejected with a shooting star. The move lower is just about holding on. Nothing convincing though.






EJ - Nothing seems to hold EJ down at the moment. 15 min trades available at approx the same times as EUR.

D closed positive and whilst we should have some retracements bias remains up.








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