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, 4 September 2013

EURUSD

Price is back at the August low, having already faced the annual and all-time 'hi/lo Gann Grid' harmonic octaves (blue and gold lines). The momentum study would support a rise here and possibly a good one. Looking to go long.
I had been looking out for the 100 day low and this could be close now, if not in. Note how the daily momentum study is oversold but the 2 & 3 day studies have remained at the top of the sub-chart - this suggests the 100 day low has taken the form of a retracement, or at least needs testing out upstairs as a thesis. This chart only shows the all-time hi/lo Gann grid harmonic octave in gold as an overlay, as the dotted blue lines are the annual versions.
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