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, 6 February 2013

EURUSD: 1.58pm

Another reason I suspect an uplift on the Dow is the 'b' looking retracement on the EURUSD. I banked my shorts on Monday on the drop and hope to catch that low for 'c' wave up and sell the top again. All in a perfect world of course, but that weekly trend is still green for bullish and until it turns red, I gotta expect bounces into the turn. EURUSD does like to go back to within 2-3 pips of a low when consolidating, and I'll be looking for 1.3460 if possible, although 88% would get to 1.3474 from which a 1.62x extension, drops just shy of the top at 1.3710. Fingers crossed.
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