Wednesday, April 24, 2013

Recap 23 Apr

EUR - D shooting star followed by a hammer, within the identified support/resistance levels.Overall bias down but with the support level 1.3000 holding would look elsewhere until the range breaks.
Result: Moved up to the W pivot 1.3084 and fell quickly in line with the bias but with a 60 pip entry candle not a set up we would trade.

GU - D positive close but again not very inspiring. 4hr positive divergence at the lows but that could have played out. 4hr evening star pattern suggests move lower. 4hr still on lower high lower low. Bias down until flow can switch positive.
Result: Down bias played out until 1hr lower wick clearly rejecting the move below W M2 1.5222.

EJ - D negative close with a lower wick. 4hr, 1hr flow on lower high lower low. Bias down until flow switches positive.
Result: Down bias played out until the Feb highs were reached and after approx 5 hours moved up.



 

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