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.

Sunday, 16 June 2013

AUDJPY

No. 13 for the Cyclic Analysis on the right of screen, but in short, I am looking for a bottom (if not already in) that will end a 54 month cycle and begin another. What was interesting in the larger charts is that the 54month and 18month regression channels were very bullish, and if this is a 54month low being worked out, then the upside should be stunning. This 100 day cycle chart, shows price coming in about right on time for both 25 day and 100 day cycles, but this is in fact long on the 80 week cycle and bang on for the 54 month cylce, if you refer to the above mentioned report. At the short term level, I am working an 'abc' in the 'B' leg of the wave 1 up, assuming therefore that the 54 month cycle has ended and a new one begun. It might end up just being a retracement leg up, but with the possibility of a new 54 month cycle beginning, I am trying long regardless.

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