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.

Wednesday 20 March 2013

AUDCAD: shorting opportunity

Price at top of 8hr volatility channel on 60min chart, pushing weekly higher and nearly at monthly on daily chart. Eye drawn to the impact of the 4hr clusters on price action when the 4hr momentum clusters are overbought. Add in the status of the other timeframes and I am trying to short this diagonal formation.

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