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.

Monday 3 June 2013

AUDCAD

Price camping under various resistance levels here. With the gap up last night, I am sticking to my longs and targeting 1.0140 ish. I have used the current depth of the rolling 25day regression channel and added that to the lower perimeter of the diagonal to approximate a new regression channel in the future of the same depth as now. This equates to the 100day MyWave spine above and seems reasonable to me, as long as we get the break out and not another leg down.
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