Saturday, March 30, 2013

Weekly charts

EUR - An engulfing negative close suggests more downside with the next major target around 1.2650.

GU - Stopped at a proven support/resistance level. Good positive candle closes should follow through higher. We will have to watch next week for the reaction.

EJ - Negative close certainly suggests lower.

Obviously a weekly candle hides a lot and there will be many trend trades from the 1hr flow and counter trend trades in terms of rules also.






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