Disclaimer

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, 18 January 2013

USDCHF: 7.28am

In the interim, USDCHF looks interesting too. D9 looks like the target on the big picture if trend continue and given price cut D6 before, maybe straight on to D7.
Price is above T1 for now and has moved past D5, which clears the way for D7, given D6 has been cut to the upside too. Looking for price to stay above D1 & D5 in this chart, although there is room for retracement of course in the 0.9340 area
Price is above T1 and My-Wave is positive and a retrace into the 0.9340 area has a higher low check back waiting if an 'abc' completes, just under the daily pivot. Looks like we are in 'b' of that now. Look for SMI cluster to form at bottom of subchart and if all the indicators above stay positive, would look to buy a higher low above daily pivot.
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