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.

Wednesday, 18 September 2013

EURJPY

Back at that triangle UTL again. I have bought this drop. If the triangle is going to pop to the upside, it needs to find some buyers and closing 'weak longs' who buy back again from satisfied 'shorts' might just do that. Well, it is an idea and I am long again with a third allocation now.
It is also the 85.4% fib fan of the prior high to low wave from Sunday night to yesterday.

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