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

GBPAUD

The Cyclic Phasing Analysis no 22, has this pair in a new 54 month cycle that began in March 2013. As such, all other derivative cycles began there too. At the 100 day cycle level, we should be making our way down into the 4th 25day low and 1st 100 day low of the 80week cycle and I am shorting into that low, but looking to buy when we get there. There has not been a momentum 'nest' for some time, so believe we are not just in a intra wave retracement I am counting this as a wave 2 or b wave down and about to begin the 'c' wave of 'a' down.
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