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, 5 June 2013

GBPAUD

Price has stalled for now at the 162% extension of leg 3 in this diagonal 5th (my counts!). The 4th in the diagonal stands at approx 1.5670, and a break there would maybe get this tide turning. That will be enough of a reward for me for sure for today's pain but we are not there yet!
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