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Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Friday, 4 January 2013

EURUSD: 7.48am

Well, so much for being bullish last night! Price has moved down through D6 making D5 a likely target.
On the bigger picture chart, D7 comes into play.
However, I am looking at the Dow which seems to have played its D6 retracement and may now look to D7 and beyond with D8, D9, D10 & D11 are all stacked below for possible cascade.
I a hoping for an initial move down to D5 as the shorter term gate keeper.
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