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

GBPUSD

I think I got the most out of yesterday as price action tailed off in GMT early evening. Staying with GBPUSD this morning as price has worked its way down and tested the 1.75, 3 and now the 7D.fld s. The 14D Mywave is gradually shifting weight here and I'll stay short with the 14D.fld at bottom of chart as initial target. This is rising quickly which would make a 'cut' possible in the first real thrust. A 'cut' would bring on the 28D.fld, the 56D.fld and the upright trendline off the low. See bigger charts. Generally looking for a 56D low overall in a 'b' wave down.
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