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, 17 July 2013

EURUSD

Today's Daily Pivot was at 1.3129, where I banked my overnight shorts. The move up this morning has been retraced 61.8% and is starting the next leg up. Given the move down out of the diagonal last night was a gentle affair, it could be counted as a wave 4 or 'b' wave and thus this next move up could be a wave 3 or C. As such, I have bought in long with a tight stop and targeting anything from 100% of this morning's 'a' at 1.3180 up to the next Harmonic octave at 1.32813.


Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)