Monday, June 24, 2013

24 June 2013

EUR - Had a small gap down which was closed during Asian session. D down, 4hr down bias down.

GU - The gap down was a little larger and would expect attempt to close. D down, 4hr flow down bias down. 

EJ - Another upper wick on D that stays above 8lwma and RSI above its signal line, seems to have formed a large triangle with some strong upper lower trend lines. Can only wait and see who wins out and trust that good candles lead the way or provide clearer opportunities elsewhere. At the moment the 1hr flow is higher high higher low.

EURAUD - D closed negative after the RSI divergence. RSI has crossed lower but I don't see a D reversal pattern so continuing the view that this is a pause in the very long uptrend. Bias up.

AUD - D stalled at the lows with an inside candle shooting star. 4hr has gone sideways now for 12 candles. Bias down.





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