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, 17 June 2013

AUDJPY

Nice move up overnight and price sat at the 12.5D fld with enough energy in the momentum cluster to garner a strike through and up. Mixed messages on the intraday chart but only because old and new trend information lie together, I think or hope. Momentum cluster used up a lot if not all energy getting above the bull flag upper channel line, but not enough above yet to have escaped confidently. However, the 'abc' retracement from Thursday/Friday does look to be one or part of one and so with the bigger picture phasing analysis (no 13) calling for a 54month low, I am still keen on seeing a spike up after a suitable rest.
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