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 28 October 2013

US$

Gann grid of last year's high to low, provides some useful perspective at this juncture. Price is at the 45 degree line, having seemingly created a contracting diagonal into it. If the 45 degree line gives way, we may see price push for last year's low, but if it holds, it still has the UTL of the diagonal to take out before making for the 50% grid line (gold above). The momentum study is obviously oversold and I am hoping that this will help my EURUSD shorts out. Decision time?

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