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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

GBPUSD: 10.01am

Well, there you go. I have banked that. Seems like a very straight candle and at over 100 pips, going to be causing nervousness over profit taking me thinks. Price is at the 16hr purple dma with the 8, 32 & 64 hr all behind and tested. I'll probably wince at further progression but I'll wait for a pull back and make sure something 'dark' is not lurking.
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