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.

Tuesday, 8 October 2013

EURUSD

I know it has been a bit of a EURUSD day but it seemed to be reading easier for me and until the downside of this pair is out of the system, no point in playing with my covering shorts on EURJPY. We got the tune pretty much spot on and price has now moved down into the US opening range at the daily pivot but more importantly, underneath the intraday FLD and the 85.4% speedline of the wave up. The peak in the FLD tells us to expect downside momentum to slow down whilst it works through the cycle, but as we pass across this zone, downside fever should catch again.
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