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, 7 February 2013

EURUSD: 3.20pm

Well, I might have got my long at 1.3460, but wished I'd not bothered! Next support line down is now being tested at 1.3413. Still looking to catch a low. Double neg divergence on the SMi and the blue daily trend line is not supportive of this being an impulsive move down from the top (trend line running through the price action, not above it). It could be wrong of course, as could the SMi, but I am still looking for a test of the top. Catch up later.
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