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.

Friday, 15 March 2013

GBPUSD: 8.00am

Looking to sell this morning. Trend cloud has turned bullish now and I can see 5 waves up. Not saying we are complete yet but price is at a Gann line calc'd off the turn with the 4r bolly band pushed hard, and SMi cluster in overbought. Retracement zone is 150 pips away at the moment. Of course, sidewards action could eat up that margin but I'm looking for shorts for now.
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