Wednesday, May 1, 2013

Recap 30 Apr

EUR - D closed positive yesterday at the 1.3100/20 resistance level. 4hr on higher low. Bias up with potential to fall from yesterdays highs.
Result: An early move up struggled at yesterdays highs. The move down to W M3 stalled for 5 hours then moved up strongly.

GU - D closed a shooting star still well above the 8lwma. 4hr still on higher low flow, bias up.

Result: An intra day higher low, morning star pattern on 1hr signaled strong move up during US session.

EJ - D closed a doji with the Feb highs support level holding, still below 8lwma. 4hr above 8lwma but in view of the upper wicks bias down with the potential to bounce from 127.00/60 support area.
Result: A move down to the general support area mentioned/W M2 was followed by strong move up.



 

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