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, 27 January 2014

EURUSD

From that failure to reach the square root progression step 1.3745 on Friday, I had been looking for a move to 1.3600, but price kept bouncing off 1.3672. Well, we are back there again after what looks like an 'a & b' of a correction, or part of one. A break here should see a useful attempt on 1.3600, although I think it will get caught up around 1.3620 because of those FLDs in the last post and the 5 day regression channel here. Depending on how the momentum cluster looks down there, I'll be looking to reverse long again.

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