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, 20 March 2013

EURUSD: 2.34pm

Looking to sell this. Short term chart counting a 3 up from bottom so far and price action is overlapping in a diagonal formation into the 6day retracement cloud, which is showing an underlying 'red' downward trend on 2nd chart. A break down could see continuation of the ending diagonal on the larger chart, which I have drawn in coming out of an expanding diagonal formation.
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