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, 5 December 2012

EURUSD: 3.35pm

Looking for a bounce to 1.3100 area as part of an 'abc' bounce out of the 1.3060 area as discussed this morning. Then will be looking for confirmation of a turn down into a 'C' leg following 'A' this morning. Here is a chart with the new My-Grid of the move down this morning. The daily My-Wave is under pressure now on the short term chart, but a move right to touch the orange D1/4 line and green grid line would be great place to get confirmation to short again.
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