Tuesday, January 29, 2013

Recap 28 Jan, EUR GU EJ 29 Jan

Recap 28 Jan

EUR - London open was very scrappy as it often is on a Mon morning. There were a couple of buy opportunities in line with bias. The best one in the US session but there was little follow through.

GU - There were 15 min sell opportunities in line with bias.

EJ - Bias up and the best opportunity came in the US session.

29 Jan

EUR - D closed a hammer that could not trade higher than yesterday. We are still above RSI 50 levels but failed to make any progress higher. No bias can go either way today.

GU - D engulfing negative close.4hr lower high lower low in tact. Bias down.

EJ - D chart very similar to EUR, hammer close no progress higher. D chart still showing divergence. We are above 50 RSI. We have seen on D chart that moves down can last for a few days. No bias can go either way but view is sells scalps and looking for return to trend.




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