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, 8 July 2014

#Eurusd $eurusd #Trading

Following on from yesterday's post, I am keen to see what might happen in this next leg up in the EURUSD: will it just be a retracement of the move down from 1.3700 or take out the top towards 1.3800 with a 'b' leg completed yesterday. Of note is the Key Reversal price bars that have appeared overnight on my daily, 4hr & 60min charts. Not a bad omen for a push up, but let's see what the market actually does. I did not post the daily chart yesterday: note how the weekly and monthly wave spines sit underneath the price action and the potential for a reversal on that daily wave to start something a lot more bullish than most appear to have resigned this pair to. However, for now, that 4hr wave does look bearish and there is much to do to turn it around above 1.3650.


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