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.

Monday, 18 March 2013

USDCHF 9.59am

I got my eye on GBPUSD for a short too, but for now USDCHF has my attention. I have been checking my programming as the 6day retracement cloud looked very strange - just thin lines above the price action. But in fact, the long and short retracement zones are in exactly the same place. Given the positioning of the price on the orange trigger line and the Momentum Cluster positions, along with the daily pivot and Gann lines under price, I think a push up could thrust a bit and provide the opportunity to to go to BE very quickly, although price has got to work across that trigger line bottoming 'trough' first. Catch up later.
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