Tuesday, March 5, 2013

Recap 4 Mar

EUR - View was: D closed a hammer, still below the 8lwma and below RSI 50 level, divergence showing. 4hr showing divergence, still on lower high lower low but a positive close here would flip that to a higher low. 1hr can go either way. We are at a key support level so can move up from there, until this is confirmed by price action bias down.




The base mentioned held and the positive close on 4hr and divergence did play out with a small move up.

GU - View was: D negative lower high 3 bar reversal close, showing signs of divergence. 4hr flow still lower high lower low. Bias down.

The move lower after London open did not follow through and 1.50/W M2 held. Lower high lower low flow broken.

EJ - View was: D positive close, higher low 3 bar reversal. 4hr flow higher high higher low. We have a base today at the D pivot 121.50 and if that holds bias up. failure to hold would give a 1hr lower high and flip short term bias down.

D closed inside bar, small range.

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