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.

Wednesday 29 January 2014

EURUSD

Could be a downtrend but I'll give benefit of the doubt to the cyclic phasing that is not calling for a low till 3rd/4th and the possibility the contracting diagonal was in fact an expanding diagonal. As such, there should still be a punch out of the top given the positive divergence on the momentum studies.

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