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.

Wednesday, 12 June 2013

GBPAUD

Price has made it all the way to the bottom of the weekly fld cloud. If that 6.25fld fails, then the next in the sequence is the 12.5day fld. Price is already through the 12.5d trend line (see start of lighter blue of MyWave in 2nd chart), so the fld makes absolute sense. Trouble is the 12.5fld is 1.5900 area (see chocolate brown line in second chart at top of monthly fld cloud- so either we are getting a dramatic drop, or sidewards action somewhere will pull price over to the right. Feeling so much better than yesterday!
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