A good example between when I haven't really got a clue whats happening and have no bias and like today where we are on a knife edge and I'd be happy to trade either direction but because of that have no bias.
GBPAUD - D closed negative RSI still above 50 level. 4hr yesterday had an evening star pattern, RSI cross lower which did follow through. We have moved into the general area of the 5 Aug highs that may act as support. Can go either way today so no bias, will be happy to consider good candles in either direction..
EJ - D closed positive on the back of 2 x 1hr higher low 3 bar reversals, after London open and US open. Bias up.
EURAUD - D closed negative when the move above 1.4900 was quickly rejected in Asian session. The upper wicks yesterday during London morning on 1hr showing any move up was sold off. For this pair the move lower was not that large so there are buyers around still. D RSI did not cross lower and we are still above the 8lwma (that is due to 2 very large positive closes earlier this week and ma catching up). 4hr is on a lower high and if we turn positive from here a higher low. No bias but would have no problem with flow moving in either direction.
AUD - A very similar mirrored position to EURAUD.
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