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.

Friday, 18 October 2013

EURJPY

The Dow and EURUSD seem to be softening this morning as hoped, so I'll look at those later. A quick update on EURJPY. Given the new highs, I have changed the count to show five waves up and looking for a 'B' leg down to start. This still looks like the 'E' leg overall in a diagonal rather than a thrust from the triangle thesis, but both counts are still on the 4hr chart. Short cover has been dropped and looking for a 50% retracement to reassess.

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