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.

Tuesday, 18 June 2013

AUDJPY

I won't post both charts here as the second looks really messy: but, a Schiff Pitchfork off the 'A-B' down from the top and an Andrews from this proposed 'A-B' bottom appear to be justifying their placement on one of my studies. Their median lines cross today's R4 level at 93.76 at 9.00 am tomorrow morning and although early for turning down into my 6.25D low (see prior chart), I'll be banking there and taking a well earned break! Here is the maginified view of the Andrew's Pitchfork off the proposed bottoming 'A-B' - nice touch points, although early days of course.
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