iQuaestor: EURJPY

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, 13 September 2013

EURJPY

Well, I got a couple of hours sleep! Nothing broken here for my bullish move. Price now backtesting the 2 day blue FLD as per last night's post but has fallen below the gold weekly to provide a little confusion, as price really needs to get back above that to be more than a retracement of the prior decline. Still keen on getting out at R1 unless something spikey catches uphill. Note the daily chart at the end - I have now marked out the 100 day low as in at the 'c' leg of the proposed triangle and drawn in the next cycle: on this phasing basis, we are just making a 25 day low in this cycle!!!