Recap 21 May

EUR - D closed positive up from the 1.2800 support level. RSI crossed but we closed below the 8lwma. 4hr still on lower high lower low. 1hr made a slight higher high in Asian session (perfectly normal for Asian session to respect the range) and on higher high higher low, its possible that will fail now. The time frames are giving conflicting information. D could be start of move up or just an expected rally in down trend. A 1hr positive close here might see test of yesterdays high. If the W pivot 1.2886 holds and we close negative then we are on 1hr lower high. Due to the conflicting info no bias but my preference is for move lower and this is a rally in down trend.
Result: At London open the W pivot held with an engulfing close shooting star, the upper wick rejecting the Asian session highs. A double bottom  engulfing close hammer at London close started move up.

GU - D closed positive and we have struggled for 4 days to go lower below 1.5160/80. 4hr on lower high lower low, closed negative but RSI has not crossed and still above 8lwma. 1hr made a lower high in Asian session at W M3 and might be on another lower high. Obviously from the positive D close can move up or can be rally in down trend.
Result: Engulfing negative close shooting star at London open started move down.

EJ - Largely a mess either avoided or have patience. Even though it was a solid 4hr 'signal' yesterday,  engulfing negative close just above W S1 131.50, RSI cross, we left it due to the obvious support.
Result: The move up in Asian session had little follow through.