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.

Monday, 12 August 2013

EURJPY

So far so good this morning. Following on from the weekend report, price managed to push through Friday's low, last week's low and last month's low before pulling up into the sell zone. With those stops taken out, perhaps the buying pressure will not be quite as strong if price gets down there again. As long as price remains under the daily pivot, I am short with the next '2012 Hi/lo Gann Square Harmonic' at 126.5852 as target. See weekend report for explanation of how I calculated that line.
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