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 6 March 2014

EURUSD - targets

I have posted a 12 pip range bar study here to highlight the ichimoku study/break out line. The square root progression lines are down from 1.3892 in 2.8125 degree steps. The daily bollys sits in the 1.3834 zone, which is also the mid price between annual pivot at R1. Given price failed that line last week, holding up at the 1.3818 SRP line, there is likely a whole zone of supply & demand up to 1.3856 where the next SRP line sits, which if reached would carve out an ending diagonal in the bigger picture. So, up there somewhere but my goal is to bank the longs and look for a safe place to add to shorts, so I am likely to be early, especially as the 'gap' will be closed at 1.3795.

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