Tuesday, June 18, 2013

18 June 2013

EUR - D up trend continues to struggle to break through the highs. 4hr shows the multiple tops and the higher lows. If you are buying on the chance of pop higher would need enough space between entry and the highs to get stop to break even if it fails.

GU - Similar story to EUR.

EJ - D down trend struggling to break the lows around 125.25, see 15/16 April. Retaining down bias until D confirms otherwise.

EURAUD - D hammer closed above the previous days range so no surprise the 4hr and 1hr flow now also positive. Bias up.

AUD - D shooting star closed below the previous days so no surprise the 4hr and 1hr flow now down. Bias down.

CAD - Has had 2 D doji closes, yesterday counts as a 3 bar reversal as the close is positive above the previous 2 candle closes (one of the prior 2 having been negative). 4hr RSI has crossed up and just above 50 level. Would think there are better pairs to trade that this at the moment.


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