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.

Thursday, 13 February 2014

EURUSD

Price has made it back to the weekly FLD (purple) that was cut yesterday, having bounced off the 160 day FLD. The 5/10day trend band is still bearish and I am counting this as a 'B' wave correction for now as the 10day cyclic low is not due until early next week. The momentum study is not overbought yet, but I am starting to short again with cover above the 'b' wave high there at 1.36515. Target is the red 10day FLD or lower.
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