Tuesday, February 5, 2013

Recap 4 feb, EUR GU EJ 5 Feb

Recap 4 Feb

EUR - D is inconclusive, no bias. Price fell, the evening star pattern played out.

GU - Bias down but can bounce from last weeks lows/W M2 1.5670-5680. We bounced from lows.

EJ - There is potential for counter trend move lower. Bias remains up. The counter trend move lower played out.

5 Feb

EUR - Negative engulfing close, 1hr flow lower high lower low bias down.

GU - Positive D close at the resistance level. 4hr is still on lower high, 1hr can go either way its on a higher low and lower high. Bias up but if 1hr falls it will shift short term flow down again.

EUR - Negative D close, 4hr hammer, 1hr lower high flow. The 1hr can easily flip to a higher low here to revert to trend. No bias can go either way, we'll see what London open brings.







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