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 March 2014

EURUSD

Another Friday special! Price action was up in the 3.5/4 SD of the daily bollys today, but has made it back under the white dashed trend line thus far. The 20day + FLDs are all sat lower down in my target area from earlier today and the 40day cycle low is over on the right of the chart towards the end of the month, coming in at the same zone as the 80day FLD, cycle trough (blue). So, all in all, it has been a great week with catching the rise up, but I am looking for at least a return to the orange 20day FLD as a minimum to cash in my shorts from yesterday evening into today's high.
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