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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, 10 September 2013

EURJPY

If it is not a break out of a triangle and therefore not a triangle at all, what else could it be? Here is my next alternative. If that is an ending diagonal on the 15min chart, then the cats cradle of 85.4% fib fans won't hold price up too much. We shall see.


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1 comment:

  1. Anonymous10 September 2013 at 11:08

    I am still short, a break should be more impulsive? Plus there was no real fundamental catalyst for that break which I sort of expected we'd need if it were a real break. As such i agree it wasn't a triangle or am I just trying to convince myself? Thanks for your posts anyway!

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