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.

Thursday 21 February 2013

EURUSD: 5.19pm

Now that the DMA of the trend line band has been 'cut' (purple), I have drawn in the next couple of rungs on the ladder - these being double the time frame (light blue) of the trend line and then double again (gold). By looking at the peaks in the future, one can hazard a guess as to when retracements might occur. Interesting to me is that they would fit a decline in the same shape as the ride up from 1.2041. Just musing.

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