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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.
Monday, 7 October 2013
EURJPY
Okay, the marginal new low and the relatively relaxed move uphill suggests that last week's count of a contracting diagonal in the 'c' leg of 'D' in the bigger picture wedge is the way to go. I am looking for 132.80 on this leg up, to re-cover the longs going into the 'e' leg of 'c' of 'D'. Anything that scythes through the proposed 'd' perimeter of 'c' of 'D' is likely to call this diagonal off, but it would need something spiky to do that.
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