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.

Friday, 3 May 2013

EURUSD

Staying out of this for now and glad I banked yesterday. I had been looking for a 28D low (and timing wise this is getting closer), which I think will bounce and then make for a 56, 112 & 224D lows ( See big chart projection off the July 2012 1.2041 low - pink circle to right). After all that energy yesterday, I am waiting for an 'abc' back up and for the shortterm momentum cluster to be overbought. Might have to miss the 5th wave drop in this drive but happy to stand aside.
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