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, 27 February 2014

EURUSD

I have my longs covered directly under yesterday's low, but looking for the 160d.FLD to break to the upside, based on the placement of the momentum study. Whether or not, the 20d & 40d.flds have had enough of look in thus far, is the question, but a break above the gold FLD is likely to see price push back on the 80d.FLD above with renewed passion. The MMA wave has the 80day (green line) still above the thin gold 160day trend, so if the above comes to pass, we will have confirmation for now that the 80day trend is still in command, which is why a break of the blue 80d.fld would be interesting at this stage of the momentum study.

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