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.

Thursday, 12 September 2013

EURJPY

I can not see that this diagonal is leading, therefore it must be ending. If it is ending, it is either ending a wave 'c' in a corrective, or is part of a bigger pattern. Initial targets are laid out by the 85.4% fib fans of the 'A' & C' waves within the move down. These are the light blue dashed lines above price action at 132.83 to the Daily Pivot. Price will either be held back by these or not. I'll decide whether to bank longs once price interacts with these.
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