With ongoing strength in the EURJPY, I am still keen on seeing a diagonal to fruition on EURUSD. Looks like wave4 may have been a bit deeper and provides for an overthrow target that must be less than 1.3630 if a contracting version and in this format (less than wave 3). I'll take that for my longs and make sure I am out of EURJPY at same time to reassess everything.
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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.
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