Friday, March 22, 2013

Recap 21 Mar

EUR - View was: D closed positive but did not break the upper resistance level 1.2980/1.3000. 4hr lots of upper wicks so the upper resistance level W S1 proving an issue still, RSI crossed up and above 50 level. 1hr negative divergence at yesterdays highs and we seem to be heading for a lower high following divergence. So much contradictory information that we can go either way. No bias for today.
A lower fall on 1hr going into London open, after that chopped around in a small range.

GU - View was: D closed a spinning top. 4hr negative divergence and clearly showing the range we are in contained by support/resistance and W pivots. No bias.
A higher low on 1hr going into London open might have been difficult to trade with the upper wicks.

EJ - View was: D 3 bar reversal positive close. 4hr now appears to be on a higher high. With the way things have been of late no bias and will be watching EUR and UJ for guidance and looking for trade rules to guide on either trend or counter trend moves.
The 1 day up 1 day down continued. 4hr evening star pattern at W M2, 1hr lower high into London open signaled the fall.





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