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.

Wednesday 30 July 2014

EURUSD

Price has now made it to the lower perimeter of the red Raff Regression channel from the 1.2041 low to the 1.4000 high - looking at that momentum study, it still seems to me that a surprise move up that is stronger than the USD bullish case expects, might be worth bearing in mind....at least until we see 3 waves back anyhow and the momentum study softens from here. A subsequent break to the downside of that LTL would be very shortable from somewhere higher.
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