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, 15 May 2014

$EURUSD #EURUSD

I posted a more detailed monthly chart yesterday with explanations, so this one is tidied up a bit. Just wanted to point out that at approx. 1.3780, price would be at the trend line from the all time high again. However, with price at the bottom of weekly and daily price ranges and all 3 time frames above their 200smas and respective FLDs, a breach to the upside should reach 1.4200ish as a minimum in my opinion. I'll feel a lot more comfortable if price can get back above the weekly and monthly pivots in the 1.3813-1.3832 zone, but for now, the PA looks conducive to my thesis. My EW count is a couple of pages back, for reference.
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