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: 3.53pm

D1 was taken out and with some decisiveness too. So, unless price action reverses in mid air, we should now make it to D2, which coincides with T4 at the 1.2850/60 area. This is of course also that Gann 1.2878 line area, and where the weekly and monthly My-Waves would be back tested - both of which are facing uphill at the moment. So, we have the daily My-Wave in the chart posted just gone downhill, but the heavy weights only just turned uphill. Back to that T6 vT7 discussion from earlier and the fact that price did not make it to D5 after cutting D4, making D3 a real possibility now, sitting one Gann line lower at 1.2736 - maybe look at the price action last week there! T4 is likely to be the battleground so I'll defer any more on that subject until we get there.
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