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, 7 February 2014

EURUSD

Overnight action has seen price cross the 10day FLD (red), but is now sitting under the daily (bright blue) with the 5day (purple) sitting near S1. In a perfect world, I'll be able to bank all my shorts from yesterday's 1.3613 near there (the 5day FLD) with cover for the longs below the 1.3476 low. Anything that makes this possible 'b' wave look like something different and I'll just stay flat through NFP and possibly the weekend. I am not interested in any northbound movements until the momentum studies soften. Catch up later.
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