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, 3 January 2014

EURUSD

Sidewards action after hitting the 100% a=c fibo target yesterday, but the 15min MMA wave is still in a bearish formation. So expecting further declines into the 1.27 or 1.62x unless the wave unravels uphill.



Momentum nest on 4hr chart still looks on and the daily bolly still looks like the target at approx 1.3570-1.3550, which ties in with the 1.62x fibo extension above. Will look for a reversal around there unless comes earlier.
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