Wednesday, July 31, 2013

31 July 2013

EUR - D closed a doji range bound between 1.3300 and the W pivot 1.3235. 4hr and 1hr charts are a mess. Whilst things may become clearer as the day moves on there have to be better pairs than this to trade.

GU - D closed negative following the evening star pattern. 4hr chart made a low, 1hr on lower high lower low. I have the 1 June '12 low as a resistance level at 1.5266 just below the D pivot, W S1 at 1.5280 both places that we could move up to and then look to sell. If we get that high of course. Bias down.

EJ - D closed a shooting star making no progress lower. A base has formed at 129.85, the 1hr upper wicks are making marginally lower highs. Retaining down bias but this can go either way and would need much better candles to consider a trade.

EURAUD - D closed positive after the big news jump on 30th. Bias up.

AUD - D closed negative at the lows. Bias down, the trick is to get an entry that you can live with given the inevitable bounces above 0.9000.





 

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