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 27 November 2012

EURUSD: 1.50pm

I like the price action; a bit more cleaner than going up in my very biased opinion. D1 is putting up the first resistance area and looks like a simple 'abc' could have that beat and then on down to D2. The only 'fly' perhaps is if that topping action, the past few days, is an expanded flat and this is the 'c' wave of that. No matter of course if D1 is taken out, because that should provide further measured downside in the interim.
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