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 21 February 2014

EURUSD

I suggested yesterday that consolidation under the 80day FLD might occur, and it seems that we have a triangle ready to feed the next drop down. If this is a 'b' wave then a measured 162% extension from the top, takes price to the Monthly Pivot at 1.3580. Not a bad place to bank the shorts and sit out the weekend and my lecture day on Monday. Catch up later.

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