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.

Tuesday, 5 February 2013

AUDUSD:5.24pm

A slightly frustrating day so far as price probed further towards the range channel low. But I can not see anything has changed. Break of the green daily FLD should see price move initially to the top of the channel and then after a pull back towards the FLD, onwards to the weekly FLD above - this is in a dome formation signalling bottoming tension on prices.
Looking for confirmation of move underway with break of 2hr FLD and combined regression channel from channel high. Still long.
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