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 26 November 2013

EURUSD

Quick update on my FLD study (Hurst). Some may recall my previous two charts from the low at 1.3294, noting that the green 20 day (1month) FLD would act as a magnet to price action. It has been a drawn out affair which may or may not be finished, but price just got there this morning. In doing so, the thick purple, 40 day, FLD has maneuvered itself above the 20 day and may be the next target, but first, maybe a drop again into the weekly and 2 weekly FLD's sat below. I have a 'b' wave approach to this particular chart as can be seen, although with this market, very tentatively!
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