Friday, March 15, 2013

Recap 14 Mar

EUR - View was: D closed a 3 bar reversal evening star pattern, still has evidence of divergence. 4hr on lower high lower low flow. Bias down.
There was a move down after London open. With D, 4hr and 1hr showing divergence NY open had a 3 bar reversal and moved up from W S1.

GU - View was: D closed a shooting star, the struggle to go lower continues. The 4hr higher low might get broken when the current candle closes putting us back on a lower high. Still viewing any rallies as chance to sell back into downtrend.
The 4hr higher low won out and moved up. A difficult move to trade with no 1hr reasonable set up candle.

EJ - View was: D closed negative. 4hr had a double top and is now approaching the W Pivot and 123.80 where we bounced up from on Fri. 1hr on lower high lower low and showing positive divergence at the lows. Bias down with the potential to bounce up from support.
Bounced up from support. 1hr higher low after divergence going into London open.



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