EUR - D closed with a lower wick rejecting move below the support level 1.2878. The move up has been weak. Bias down until flow changes to higher low.
Result: D closed an inside candle doji, still below 8lwma and RSI 50 level. 4hr had a move up forming a double bottom then almost immediately an evening star pattern.
GU - D closed a doji, 4hr shows how the move is running out of steam. Whilst this does give potential for counter trend buy viewing this just as pause in down trend. Bias down.
Result: Down bias did not play out, support/W M1 held. D closed a large body doji, still below 8lwma and RSI 50 level but did signal as a 3 bar reversal. The 4hr signaled a counter trend buy which did allow a scalp trade but heading lower to signal resumption of move down.
EJ - As often the case doing analysis does not quite play out but she does give solid signals as the day unfolds. Looking for reaction to the April highs that acted as support yesterday. No bias.
Result: D closed an inside candle doji. 4hr appears to be forming a lower high.
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