Friday, August 16, 2013

16 Apr 2013

We typically do not trade on a Friday morning experiencing a fair amount of chop.

EUR - US news resulted in a significant move up and an engulfing D close. There is no way of knowing when news follows through or retraces. The 4hr chart is zoomed out a little to see some of the recent support/resistance levels.

GU - D closed positive on the back of the news push. 4hr higher high higher low remains in tact. The next D resistance level higher is the June highs in the area 1.5730.

EJ - D closed a doji. 4hr shows the chop between W pivots/support and resistance levels. No bias. 

EA - D closed positive. 4hr broke the lower high lower low flow, retracing 100 pips lower in Asian session. No bias.

AUD - D closed a doji. 4hr not showing a flow that I can see. No bias.





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