Thursday, May 9, 2013

Recap 8 May

EUR - D close a shooting star inside candle. Range bound trading continues. No bias.
Result: 4hr positive close move up off W M2 signaled move up.

GU - D closed negative and we are some way from the next support level/lower channel. Bias down.
Result: Bias down did not play out. 4hr and 1hr engulfing closes clearly show flow reversed up.

EJ - D closed negative small range doji. 4hr made a lower low. D and 4hr not agreeing. Would be happy to buy or sell 15 min higher lows or lower highs with 1hr candle set ups, but no bias.
Result: 4hr hammer and 1hr engulfing close signaled move up.






 

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