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.

Friday, 14 February 2014

EURUSD

Well, the direct route down to the 10day FLD has not been taken, but the drawn out price action yesterday suggests a different larger prize. A decline now to retest the Annual Pivot would push through the 10day, on the way to reach the 20day FLD, now in trough territory below - see orange line and green arrows. Looking for a move down towards the pink trend line that joins the last two 20day FLD troughs near 1.3500. I'll bank there and reassess the momentum study (hope!!) as again, the next 10day low is due 17th/18th next week.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)