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I made a couple of trades today – the first in AUTH as a long bouncing off of significant support (and finished the day with tweezer bottom). Should we see a bounce tomorrow, AUTH should see a nice bounce come with it.
Here's the Trade Setup in Authentec (AUTH).
The first thing to say today is that there is a possible bounce brewing on both ES and EURUSD, though both are still close to yesterday’s lows at the moment. On EURUSD there is clear positive divergence on the 60min RSI and what looks like an attempt to establish a new rising support trendline from the lows, though that might not last long:
