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.

Thursday, 10 October 2013

EURUSD

This looks like an 'abc' correction up here. 8hr FLD and London Opening range high seem to be holding price notwithstanding the trend lines are up and we are under the daily pivot which is a universal override with anything looking corrective in my opinion. With the momentum study overbought, should now see a test of this morning's low to clarify whether we are in a 5th wave diagonal or a 4th wave, given yesterday's low is still in tact.

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