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 2 January 2014

EURUSD

Happy New Year.

Price has made it to the 20 day FLD again, so far also being the 61.8% 'c' leg of a retracement of the Christmas spike. This could be building the LTL of a diagonal, telegraphing the UTL at the Venus conjunction on the 11th.



This would put price right in the bolly bundle up to a month in duration, so a pop out of the top of that diagonal could be the sale of the year when it comes.




So, is 61.8% in the 'c' leg enough and will the diagonal thesis hold? We shall see of course.





The New Year brings a new Gann grid of last year's high to low. First obvious target is to retest the high or the diagonal before it at least.
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