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, 9 September 2013

EURJPY

Longs looking settled here: London opening low has held and now European opening low breaking to upside. Given 2day FLD held the pull back from the purple 3d FLD, the move up on approach to the green 1d FLD, suggests momentum is building. I'll take R2 from here with stop already at breakeven just above London opening low. A break of the purple 3d FLD and the Asian ranges is key to getting going, but the 85.4% fib fan on the 15min chart and momentum cluster looks very positive indeed. Fingers crossed!


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