EUR - Had no specific bias yesterday. There was a 15 min sell after London open will little follow through lower. The buys in US session after price formed a low, then an engulfing 1hr positive close. 15 min higher low that took 3 hours to form to revert to trend.
GU - Bias was down, got it wrong.
EJ - I said "No bias can go either way but view is sells scalps and looking for return to trend." Price fell in the morning with a 1hr hammer rejecting the lows, pushed up on 15 min higher low to resume trend.
30 Jan
EUR - D closed positive, 4hr higher high higher low flow in tact. We are right on the highs from Feb '12. Bias up but we can react lower to the resistance level.
GU - D positive close RSI has crossed its signal line but below our lwma. We are at the resistance level from June/July '12. This can be start of move up or retrace in downtrend. A positive D close would be expected to follow through but the resistance level could hold. No bias can go either way.
EJ - We are approaching the April '11 highs. D positive close but we did not break last weeks high. Divergence on D and 4hr, price action yet to confirm. Would like entries to give sufficient scope to move stop or take partial profits before 122.80 and then the major April high. Bias up but can react to the levels mentioned.
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