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.

Tuesday 29 October 2013

EURUSD


Range study has this formation looking complete on break of that trend line of the diagonal. My short cover looking good at the moment! Given the phasing study in the weekend report, I am looking for a 'b' leg up or a quick new high to get the real correction started. It is coming, if this is not it. Note for a new high that 1.3908 is the next Pyrapoint line up from the current high and is the 90 degree line from the 1.27541 base low for the calcs. Anyways, glad to be flat for now and catch up on return from birthday celebrations.


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