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, 31 January 2014

EURUSD

So, the 1.3506 low remains in tact and price appears to be trying to mount a bounce from the 80 day FLD. Given the 10dayFLD has been left behind again at 1.3680, I am looking for a recovery and an opportunity to either hang on to my longs or re-short from there. I am still looking for this to have been a 'b' wave down but as discussed during the week, if it was a leading structure instead, the end result will be lower than 1.3506, but not an issue for me at the moment.

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