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, 30 May 2013

AUDCAD

Overnight price action went a little deeper but count has held and now price is looking very potent right under the 12.5 & 25D flds. This is possibly significant as a 'cut' to the upside will come already sanitized by a simultaneous 'half & double' backtest of the fld sequence: that is 12.5 to 25 and 25 to 12.5. If the 'cut' is on, then as I have been trying to catch, the ride could be a doozy.
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