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.

Monday 5 May 2014

$EURUSD

Only just updated the charts this evening with Bank Holiday Monday in UK, and it looks like walking in the sunshine was the play for today!! However, looking for a move down now and looking for 1.3743 area in due course. With the weekly pivot at 1.3844 & weekly S1 at 1.3800, the monthly pivot at 1.3813 looks a shoe in for tomorrow, if southbound can catch fire. I'll probably bank there and reassess unless price can push hard through it. I am half allocated at 1.3876 and will add to shorts above 1.3900.
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