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, 23 May 2013

AUDCAD Bigger Picture

So here is what I am looking at. Weekly RSi looking like a 3 down and oversold. Momentum indicator on weekly oversold and in straight line which is usually a 'b' wave. Price hit lower monthly bolly. EW count possibility for return to top. Daily momentum cluster looking in support of thesis. I am looking to stay long and add on confirmation.
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