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.

Thursday, 23 January 2014

EURUSD - moving net short

Price is already at R4 with yesterday's highs untested after the break at 1.3582, which coincides with the 8hr bollinger median too. The daily FLD is over to the right and untested as well. The whole roll up to here from 1.3506 looks very untidy on the weekly MMA wave here, so chancing a net short position down to 1.3600 and then will square up, stay short or go long again depending on the pattern that develops. Nothing like decisiveness!

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