Friday, April 12, 2013

Recap 11 Apr

EUR - D closed a shooting star, above the 8lwma, a relatively small range day so whilst this can move lower not a major reaction. 4hr lower with the divergence but is still on a higher high higher low. 1hr chart had a move down on the lower high after divergence. No bias can go either way today 4hr/1hr flows conflicting. I suspect up though but either way good candles will lead the way.
Result: Clean candles no upper wicks in early move before London open. Some upper wicks after London open, very smooth higher low wave on 15 min.

GU - D closed at the upper end of range for the past few days. 4hr still making higher lows. Weaker bounces from a key level often sees that level fail. Bias up but obviously this key level can hold.
Result: Bias up played out, if you missed this early move then there wasn't another entry on 15 min.

EJ - Bias up.
Result: Bias up did play out in a choppy manner. 





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