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, 23 October 2013

EURUSD: bigger picture

With the 1.3710 high taken out yesterday, the '1-2' count goes out of the window and 'still in E' takes precedent for me. However, we are at 61.8% of the 'a' leg at 1.37825 thus far and there is always the possibility this is 'b' of 'b' in an expanded flat pattern. Either way, best to be cautious of further immediate upside, until we get some downside clarity, which of course is what I am playing for.

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)