Tuesday, July 31, 2012

Tues 31 July - GU

A not totally unexpected move down. Choose to sell GU and not EUR and got stopped out in GU chop.

GU - D, 4hr, 1hr RSI above 50 level. 1hr higher low higher high flow still on, for now, we'll see if that fails during the course of the day. We are at the previous resistance level from 2 July and there is D divergence showing.


Could go either way today.

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