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, 6 January 2014

EURUSD

Price has been following the 85.4% speedline off the green circled 'A' wave and is still in sell mode according to the trend band. However, for all the reasons stated in the weekend report, I am looking for this to break to the upside. The red speedlines are calc'd off all the lower lows of the proposed 'C' leg of this descent from the Christmas spike and makes for a neat cluster above as a target zone for my longs.
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