Saturday, February 9, 2013

Recap 8 Feb

Recap 8 Feb

EUR - View was "Bias is down move up would need solid price action first". Price had a small move up at London open, hesitated for approx 4 hours before falling on a 15 min engulfing lower high negative close (the close lower than prior 2 candle closes). I have highlighted the 1 particular candle.

GU - Bias up played out.

EJ - Same as EUR, bias down but if the post news comments do not follow through will need solid candle patterns to resume uptrend. Bias down played out.


The engulfing close indi shows where the candle immediately before the arrow closes above/below the prior 2 candle closes.







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