EUR - View was:
D closed a doji, contained by previously identified
support/resistance levels. Whilst we can go either way today the bias
remains down until price confirms otherwise. We have a base now at
1.3040, the move below that yesterday was strongly rejected. Price did prove otherwise, 4hr higher low following divergence, cross of RSI and 8lwma setting up the move. Even if regarded as counter trend our trade rules applied. Price rejecting previously identified support level 1.3014/W M1, 4hr divergence, flow changed to higher low following divergence.
GU -
View was:
D negative close lower high 3 bar reversal. It seems a struggle to go
lower in this 2 month down trend, bias remains down until proved
otherwise. The down bias did not play out, what seemed like a struggle to go lower won the day.
EJ - View was:
D closed a doji. 4hr showing a clear base despite that there have been no strong moves higher. Bias remains down. There was a move down in line
with bias but the clear base held and then moved up strongly from there.
No comments:
Post a Comment