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, 11 November 2013

EURUSD

Having beaten the daily pivot, price is now at the confluence of the weekly pivot and two regression channels: the one coming up from 1.27541 and the one coming down from 1.38314. Given the look of that 4hr momentum nest (which includes multiples up to the daily study) and the proximity of the FLD cluster above ( red weekly, lighter purple 40 day and darker purple two weekly) with the gold 80 day below, my thesis that price would hi-tail it back to the green 20day and 85.4% speedline of the move down, looks on. Shorts beware!

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