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, 27 January 2014

EURUSD

Well, it is certainly looking like a 4th wave going up rather than a 'b' wave coming down. However, this should push prices up into that 1.3745-1.3818 zone and then the deeper retracement into the 10day low due 3/4th Feb. The red regression channel here is the 10 day hi/lo and the light blue is the 5 day. I'll stay flat to the top now and release the longs for profit and then ride the shorts back down for breakeven or profit if I am in luck!
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