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, 3 September 2013

EURJPY

Asian range and European Open all in a tight hold here. Closed my longs at breakeven this morning and await the outcome of these bollingers closing in. Might get resolution in London market but maybe have to wait to US.
Price is sat above the median lines of the 12.5, 25 & 50 day regression  channels having bounced off the 25 day FLD (light pink), as anticipated (guessed lucky!) at the weekend  summary. Price is also sat on the 45 degree line of the new monthly Gann Grid from August's high and low, with the orange 12.5 day FLD peak rolling above as a target zone and the 50day (dark pink) FLD immediately above as the break point. The 12.5d&25d trend lines are both bullish at the moment.
All looks bullish for now, but as I say I am out at the moment and waiting as I definitely do not want to guess the wrong direction as we get later into the daily triangle.
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