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.

Thursday, 13 December 2012

EURUSD: 2.00pm

Only just spotted the fibfan rejection on the daily wave - that being the top to low this morning. Market has reacted once - will it be defended. I have sold this rejection with stop 3 pips above. I'll draw in the parallels in the next chart.
Great risk reward if spike holds but also lots of stops above there I am sure!
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