Wednesday, May 15, 2013

Recap 15 May - EJ lower high following divergence

EUR - D closed negative. 4hr flow lower high lower low flow but positive divergence still there. December lows 1.2878 and W S1 1.2882 could provide support. Bias down.
Result: Down bias played out.

GU - Bias down.
Result: Very choppy, yesterdays lows held (so far).

EJ - D closed a doji, 4hr negative divergence no real idea on these time frames what EJ wants to do. There are decent 1hr set ups that happen but get them wrong and you could get chopped. All in all we are above 50 RSI on all 3 time frames so bias up.
Result: Whilst we have bounced up the 4hr lower high following divergence gave a nice sell. 



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