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.

Tuesday 6 May 2014

$EURUSD


 

Price is pushing the daily bollys up into the weekly here (top chart), with volume (bottom sub chart) not supporting the thrust and the OBV bollys (middle chart) on overbought too. I am looking for a move down into the 80day cyclic low due 23rd May, to get going from up here somewhere, so fading and adding to my shorts - 50% allocated as of now.
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