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.

Wednesday, 5 February 2014

EURUSD

Price has now reached the 20day FLD. Recall from my weekend report and subsequent posts, the low we are coming out of is a 20day low according to my cyclic phasing analysis. Price is expected to test this FLD, but with the 10day no where to be seen yet, I do not expect it to stop here. So, is this a simple chicken or egg situation or does Hurst's Cyclic Phasing trump Elliott Waves? No need to decide, they are both useful in their own right.
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