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.

Tuesday, 14 May 2013

EURCAD

Attempting long here. Daily Chart and 400day MyWave is in a bullish formation with daily (green/blue) momentum indicator having made a low. Directly above is the 25day FLD (Green) and a break of that could usher in an attack on the diagonal perimeter (blue). The 100day MyWave on the 360min chart is still bearish but in a contracting diagonal formation backtesting the trend line from the prior move down. More importantly is the nesting in the momentum cluster here too, driven of course by the daily low in chart 1. The 3 day MyWave has turned up and is nestling into the 1day and 3day FLDs. It is possible this sticks and it is in the right area given the previous analysis. We shall see.

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