Friday, March 29, 2013

Recap 28 Mar, good example move in line with bias then counter trend

EUR - D negative close, 4hr flow lower high lower low, no divergence, bias down.
Result: Move down in line with bias around London open. Previous days low held, decent bounce higher.

GU - Small D negative close back below our 8lwma and RSI crossed lower, hardly a strong close though. 4hr lower high lower low in play, no divergence, bias down.
Result: Did move down but no real follow through lower from the previous weak D close.

EJ - D negative close, 4hr lower high lower low with a bounce from the weeks low. Bias down.
Result: A nice move down around London open in line with bias. A big doji on 1hr with divergence at the recent lows signaled a move up. 




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