Friday, March 15, 2013

EUR GU EJ 15 Mar

EUR - Divergence showing on D, 4hr and 1hr saw a move up and positive D close. The W pivots have been strong containers of price this week. 4hr at the moment trying for a higher low on the current open candle. Bias up but there is the potential to reject an upper trend line and W pivot.

GU - Strong D close, 4hr had higher lows after divergence that played out. 1hr on higher high higher low flow also. D upper trend line broken. We stopped at W R1 on an 85/15 trade. Bias up and would like to see yesterdays high break higher as there is always the chance of test of back of trend line or reversal back to down trend.

EJ - D closed a small hammer. 4hr on higher low. Bias up.







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