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 7 November 2012

EURUSD: 2.46pm

Looking like the 'expanding flat 4th wave up then 5th wave down with positive divergence down' from yesterday's posts looks on; we got that divergence at the moment on the 60min and 240min charts. Looking to go long on confirmation above D1. Worth a few pips risk here as reward could be high with a possible 5th wave up. Possible entry on breakout above the short term triangle or on break out of the bottom then reversal pattern. Catch up later.
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