Wednesday, May 15, 2013

Recap 14 May

EUR - D closed a doji after a decent lower wick on 10th. Moves below 1.2950 have been rejected twice now. Heading towards the W pivot 1.3038, that level provided support on 2nd and 3rd May. D has not yet signaled a buy, scalp buying from 4hr signal need to be aware of potential bounce at 1.3038.
Result: The identified W pivot/1.3030 resistance area from early May held and we moved down from there.

GU - D closed negative after test of back of trend line.4hr flow lower high lower low. Bias down.
Result: On the day this was the only outright bias down we had of the three pairs, it played out nicely.

D closed a doji, double top. 4hr clearly shows the struggle at 132.30. No bias.
Result: Lower wicks from 9th on moves below 131.70. A 1hr hammer finally saw move up in return to trend.



 

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