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 March 2013

EURUSD: 7.14pm

Pokes out of triangles with negative divergence when I am looking to short, is what I like to see. The target zone is the white box marking the 12hr & 24hr 50% retracement zones. However, if my bearish count holds, price may continue a tad further and 1.2903 at the annual pivot would still be my favourite.
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