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.

Friday 13 December 2013

EURUSD: knocking on the exit door

Much better day today with the ongoing thesis. Price now at the UTL of the regression channel of the corrective move, assumed to have concluded at 1.3708. A breach here and hold above the daily pivot would add a little more weight to the argument that the downward move is over. The momentum study here suggests there is plenty of support for a thrust up, so let us see if she comes.

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