Please make sure you have read my disclaimer! This is a personal journey into self-tutoring in technical analysis. Did you read that Disclaimer yet?
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.
Friday, 7 December 2012
EURUSD: 6.16pm
Whenever price moves sidewards like this, I try to remember that it is usually a 'b' wave. I can count 5 waves up to here and was expecting them and a 100% projection of the bottom to top of 'a', gets us to the daily pivot. Looking for breakout of top of triangle towards pivot and perhaps R1, albeit getting late in the day perhaps for the latter.
It is early doors of course, but my projection up is of to a cracking start. May it long continue.
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