Wednesday, February 27, 2013

Recap 26 Feb

EUR - View was: Engulfing D neg close. 4hr and 1hr flow down, both showing divergence. Whilst there can be a reaction up after the over sized negative close bias down until flow confirms otherwise. We had an early move down before London open. Price moved higher reacting to the W M1 pivot/1.3015 support level previously identified on D charts.

GU - View was: Positive D close still below 8lwma, no trend line breaks. Flow on 4hr higher low and 1hr is on higher high higher low. This can be a buy or sell day. Overall moved lower but difficult to trade off 1hr as the negative close candles were all large.

EJ - View was: Bias down until positive flow proves otherwise. Overall there were good selling opportunities but the low from the 25th/W M0 held.

No comments:

Post a Comment