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 March 2013

EURUSD: 9.51am

Stop held overnight for shorts. Daily DMA & Weekly Pivot failed to the downside this morning so far and price seems to be working its way down through the diagonals drawn off the End of Squares. The bigger picture is however worth bearing in mind. Price right at the monthly DMA again and having already consolidated above it for a week. Notwithstanding EW counts thus far, a breach here could seal the bearish deal, so expect energy either way on a failed breach or one that keeps going!
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