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

Taken the opportunity to bank a few more shorts with the 4hr momentum cluster making positive divergence suggestions. The 5day, 10day & 80 day FLDs are all sat together at 1.3745 (a square root progression number off 1.3892 and 1.2041), and a successful break of the golden 160d.fld, should see an attempt at this zone at least. Looking for this 20day/40day zone to hold here, as recall it also holds the 20,50 & 100 day SMAs - see yesterday's posts.

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