EU moved within a narrow range 1.3110 - 1.3130. No bias. Might bounce from support. A short was taken on H1, didnt look good at the moment.
Daily - Previous day candle closed with a hammer, below 8 lwma, RSI below 30 (with bullish divergence).
H4 - Lower high and higher low, above 8 lwma, RSI below 50, above signal. Next support at W S1 1.3100, W S2 1.3070, W S3 1.3010.
GU dropped to W S3 1.6470 after rejection off W R1 1.6625. Bias down. The short trade was closed when Asia opened. Missed the big drop.
Daily - Previous three-white-soldiers pattern was fake, it closed with a huge black candle, below 8 lwma, below 200 EMA, RSI above 30 (with bullish divergence).
H4 - Lower low, below 8 lwma, RSI below 30. W S3 was the low in March 2014 before the rallied to 1.7150 started.
No comments:
Post a Comment