Wednesday, February 20, 2013

Recap 19 Feb, EUR GU EJ 20 Feb

Recap 19 Feb

EUR - View was bias down with potential move up from the support level. W M2 1.3332 held for 7 hours and gave buys after US open and then a little later in session. 

GU - Bias down with potential move up from the support level. We did move down after 3hours failing to go up and 2 decent upper wicks on 1hr..

EJ - Bias was up, it played out when support level held for approx 7 hours.

20 Feb

MPC minutes this morning one of the days I will either trade early or wait until after the news.

EUR - Positive D close off the 1.33 support area, slight RSI divergence. 1hr flow now higher high higher low. We stopped at the W M3 pivot 1.3439. Cannot explain why I have doubts about this move up but charts say bias up.

GU - D negative close, RSI not moving lower. We are in the area of July '12 lows 1.5400/25. 4hr, 1hr flow down. Bias down.

EJ - D close did nothing, moving up over night in Asian session. 1hr flow down after the double top 125.90. A solid 1hr engulfing close would confirm move up. Bias up but a negative, engulfing close on 4hr could change that.






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