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 March 2014

EURUSD

My longs are looking good from earlier today but a break out would give them a better chance of gaining some real returns. Obvious diagonal on the 2hr chart would see 1.3850 area - note how the 5x10,10x20 & 20x40 trends are all negative but the next 2 up to 80/160 are holding bullish in the sub-chart markers. A breakout might just conclude a retracement, so as I said first thing today, whether it was corrective or a leading diagonal, uphill would likely be the next move. How far? - we shall see.
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