Both 4hr and 1hr are looking like flipping over possibly giving counter trend sell signal. After such a strong move up over last few days counter trend retrace has to be expected. Bias still up until D gives clear sell signal.
Friday, August 24, 2012
EUR 24 Aug
Upper wick on yesterdays close. 4hr higher high higher low flow still in tact. 1hr price jumps horrible yesterday and we did well to avoid entries and getting chopped out. 1hr higher high higher low also in tact.
Both 4hr and 1hr are looking like flipping over possibly giving counter trend sell signal. After such a strong move up over last few days counter trend retrace has to be expected. Bias still up until D gives clear sell signal.
Both 4hr and 1hr are looking like flipping over possibly giving counter trend sell signal. After such a strong move up over last few days counter trend retrace has to be expected. Bias still up until D gives clear sell signal.
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