EUR - We have stopped at the Dec lows/W pivot potential resistance level, the Asian session struggled to break Fri's high which is not uncommon. 1hr is showing negative divergence. Can go either way today, at the moment our 4hr and 1hr suggest flow up. This can be a rally in downtrend but as flow is up at the moment we need our counter trend rules to kick in. We are at a resistance level/W pivot, have 1hr divergence and looks like we have a 5hr stall so the potential is there for a sell.
Result: Lower high after divergence played out with a move lower. Lots of lower wicks made entry difficult.
GU - Very similar picture to EUR D closed positive, 4hr and 1hr flow up, 1hr negative divergence. Stopped at the Jun low resistance level. can go either way today.
Result: Lower high after divergence, move played out with clean candles (no lower wicks).
EJ - D neg close below RSI 50 level. 4hr 1hr flow down. Bias down.
Down bias did not play out, there was lots of warnings with lower wicks on 4hr and 1hr.
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