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, 22 January 2014

EURUSD

Price is still above the weekly FLD, giving the impression, it is just back-testing the break earlier. I am not convinced of the downward momentum and have yet again closed the shorts at breakeven and moved those down below 1.3506.  If this is a leading diagonal with an 'abc' retrace just ending, there should be a vertical spike coming out of this mire. Generally, I am bored, but the low at 1.3506 must have a lot of stops behind it and I want to be banking any strikes down below there for the reaction uphill. Other than that, it is just sit and wait.
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