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.

Monday, 21 January 2013

Quick update

Not a lot going on at all. Closed USDCHF for small gain.
Looking to close EURUSD shorts near Friday's low for a likely 'b' wave and re-enter higher or if don not get the chance, just top up higher. That structure is more likely a 'b' wave than anything else and certainly does not look impulsive.
Alternatively, this is looking more and more like a 4th wave triangle overall unless that bottom ledge gets taken out, although I prefer the LD from Friday for now and a 'c' wave up to get the ball rolling downhill again.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)