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.

Thursday, 17 October 2013

EURUSD

The next decline should help to clarify whether this is the real deal 5th up to test the 1.3710 high or a faker 'B' wave in an expanding flat correction. I generally go for the most convoluted pattern with EURUSD as it just loves expanding flats. I am short from 1.3635 at the moment, so comfortable with the ambiguity but hoping for a thrust down that gets those stops closed to my benefit. Either that or I bank a timid decline and await a test of the high.

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