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.

Tuesday, 14 January 2014

EURUSD

Simple chart to show what I think is happening underneath that 20day FLD cloud. Whilst that cloud holds, I am assuming either a retracement of this move up from 1.3546 is going to come first, or the move down from 1.3892 is not over. I won't really have a clear picture until that momentum cluster nests and it does not look like it has finished going up yet.One thing for sure and that is the middle of the price envelope is a key place for decisions to be made, as is the FLD cloud, so this lull will end!

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