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, 11 June 2013

GBPAUD

Price right at the lower perimeter of the diagonal (again!!) but hopefully this time, the moves thus far precede the real move. I have coloured in the flds to create a visual storyboard although it does not change the technical merits of the lines themselves. The first chart has price driving into the daily and weekly 'fld clouds' and will likely stagger down through these. At about, 1.6300, price should be clear and then on the 2nd chart the monthly cloud is awaiting in the 1.5900 area. Hoping for that to fail too!!
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