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.

Saturday, 2 February 2013

USDCHF: Weekend summary

Felt like my nemesis for 2 weeks this, but price now at the daily, weekly and monthly range channel lows. Looking for this to be an expanded flat 'b' leg following the clear 'abc' to 0.9388, so something impulsive uphill, please, with the weekly range high and monthly FLD at 0.9293 being a good start.
Matters seem to be a little further along than the GBPUSD pair, with the initial attempt to turn My-Wave already in play. Another SMI cycle down on Sunday night, Monday morning with the 2hr FLD broken to the downside, then the low holding and then the FLD re-breaking to the upside. Now that would be a fantastic elegant entry to buy.
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