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.

Tuesday, 12 March 2013

EURUSD: 7.02am

Trend line stayed red but too much time above the line is going to turn it blue some time. Price action this morning has taken out all the intraday DMAs and we are under the pivot, so I am short again after yesterday's sidelines. Price seems to have been held by both the weekly pivot and MDMA, so let us see how it does with the 1.2987 Gann line on the second chart and the speed line channel on the third chart. Still targeting the annual pivot but will be wary around the trend line at 1.2940.
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