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

Appears to be building a 'b' wave diagonal here but also a right shoulder pattern, at the perimeter of the blue regression channel up from 1.31037 and the median of the red 2 month regression channel. Burning off oversold momentum in my opinion and continue to sell under the daily pivot with a view to catching a ride into the FLD trough.
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