Thursday, February 21, 2013

Recap 20 Feb

20 Feb

EUR - View was: We stopped at the W M3 pivot 1.3439. Cannot explain why I have doubts about this move up but charts say bias up. Price stalled at the Asian highs/W M3 for 4hrs with divergence on 1hr. The main part of the fall happened after we stopped trading.

GU - View was: We are in the area of July '12 lows 1.5400/25. 4hr, 1hr flow down. Bias down. Strong fall on the news.

EJ - View was: 1hr flow down after the double top 125.90. A solid 1hr engulfing close would confirm move up. Bias up but a negative, engulfing close on 4hr could change that. We did get the engulfing negative close and move down.

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