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, 24 January 2014

EURUSD

Banked a 1/3rd of shorts on that pull back there to the 1.3672 square root progression step, and covered the rest to go flat and wait for another move up to test this morning's high or the next step at 1.3745. The momentum study only looks half done on the hourly chart but this drag down has not been impulsive thus far and want to be flat into any diagonal structure top, hopefully with long profits to bank.
Note the purple 5 day FLD zipping up the screen - a diagonal squeezed between the 40day FLD and this might be the eventual pattern. With that 10 day down at the bottom of the chart, a break of the 5day, should make a beeline for that and the 20 day  fld, wherever they are at the time of the break.

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