Wednesday, April 10, 2013

EUR GU EJ 10 Apr

EUR - D positive close at/approaching the levels where rallies in downtrend sold off in March. This move up is much more significant. 4hr divergence continues, paused at W R1. 1hr higher high higher low is in tact, negative sell divergence. Bias up but we have key levels in play, divergences so there is potential for fall should 1hr close negative.

GU - D closed positive but could not break the previous 2 day highs. 4hr higher high higher low, W M3 approaching. Bias up with potential to fall from the key levels.

EJ - D closed a doji. 4hr clearly showing the struggle to go higher at the W pivot, negative divergence. 4hr hammer then positive close stopped the divergence playing out yesterday. Bias up until price action confirms any potential sell.






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