Recap 22 Apr
EUR - The support/resistance levels 1.3000-1.3120 are still containing price. 1hr 50 ema flat signaling a general sideways range.
Had no bias, small range day.
GU - Lower high lower low flow, bias down.
Result: Bias down did not play out. The lows at 1.5200 held. A morning star pattern after London open did not give a 15 min higher low entry due to the upper wicks. The 1hr higher low 3 bar reversal after US open did give an entry. Despite the down bias buying buying here was in line with the counter trend rules. Support level, W M2 pivot, divergence on 4hr and 1hr, price proving over hours that it does not want to go lower.
EJ - Higher high higher low flow, bias up.
Result: Bias up did not play out. Price peaked at the identified previous high resistance area, divergence on 1hr. We got an entry on 15 min after the doji when it looked like a rally up failed. Again complies with counter trend rules, in a nutshell the 1hr showed the flow had changed.
EUR - The support/resistance levels 1.3000-1.3120 are still containing price. 1hr 50 ema flat signaling a general sideways range.
Had no bias, small range day.
GU - Lower high lower low flow, bias down.
Result: Bias down did not play out. The lows at 1.5200 held. A morning star pattern after London open did not give a 15 min higher low entry due to the upper wicks. The 1hr higher low 3 bar reversal after US open did give an entry. Despite the down bias buying buying here was in line with the counter trend rules. Support level, W M2 pivot, divergence on 4hr and 1hr, price proving over hours that it does not want to go lower.
EJ - Higher high higher low flow, bias up.
Result: Bias up did not play out. Price peaked at the identified previous high resistance area, divergence on 1hr. We got an entry on 15 min after the doji when it looked like a rally up failed. Again complies with counter trend rules, in a nutshell the 1hr showed the flow had changed.