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.

Thursday, 13 June 2013

GBPAUD

Blink with this pair and it does shift! Anyhow, looks like price wanted to relook at the diagonal perimeter with both the 'a' and 'c' leg of the 'b' retracement. Looks like there is a bit more to do in this 'c' leg too. That 1.6412 wave 4 level certainly got the respect in it deserved but it was breached and will need retesting at the very least. However, we are not at the timing low for the 100 day cycle for a while yet and hope we do not get embroiled in a triangle to burn time, in the interim! 1.6194 at the next '4' level would be a fair result for 'c' of possibly 'A' down.
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