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, 6 June 2014

#EURUSD $EURUSD #Trading #ElliottWave

Been a slow day overall but plenty of opportunities to buy and sell the range. If the drag up yesterday was 'A', then we appear to be in an expanded flat for 'B'. My target is still the bottom of the bolly band, but looks like Monday will have to do. Shorts off down near 1.3560-70 and top up longs for a ride to 1.3744- 1.3830, where the market will decide whether it is time for a retracement or if it wants to continue to 1.4400. Long ways off that for now. I have overlaid the Fibonacci speedlines for the upcoming week. They are very useful indeed when in confluence with my other studies; thought I'd share a bit tonight.
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